# Tesla’s Worst Day In A Year Cuts Elon Musk’s Net Worth By $18 Billion

Page: https://stenobird.com/podcast/forbes-topline-6026943/tesla-s-worst-day-in-a-year-cuts-elon-musk-s-net-worth-by-18-billion
Text version: https://stenobird.com/podcast/forbes-topline-6026943/tesla-s-worst-day-in-a-year-cuts-elon-musk-s-net-worth-by-18-billion.md
Podcast: [Forbes Topline](https://stenobird.com/podcast/forbes-topline-6026943)
Published: 2026-07-24T20:30:00+00:00
Episode link: https://traffic.megaphone.fm/FSML8076661271.mp3
Audio file: https://traffic.megaphone.fm/FSML8076661271.mp3
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Duration seconds: 203

## Resource

Elon Musk’s fortune was cut by more than $18 billion on Thursday amid the worst intraday selloff in Tesla shares in more than a year, following the automaker’s earnings report that disappointed Wall Street, as analysts called for Musk’s firm to bring “tangible” results for its robotics and robotaxi businesses. Shares of Tesla plunged 14.1% as of Thursday afternoon, pacing what would be the largest single-day decline for the stock since June 5, 2025 (14.2%). That drop in Tesla’s share price lowered Musk’s net worth by $18.6 billion to $731.7 billion, even as he remains the world’s richest person ahead of Google co-founder Larry Page ($263.8 billion) and Amazon’s Jeff Bezos ($245.4 billion). Learn more about your ad choices. Visit megaphone.fm/adchoices

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