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Elon Musk Just Lost His Trillionaire Status, as SpaceX and Tesla Stocks Plummet. Should Investors Buy the Dip?

The Motley Fool·
Elon Musk Just Lost His Trillionaire Status, as SpaceX and Tesla Stocks Plummet. Should Investors Buy the Dip?

Elon Musk's net worth dropped from $1 trillion to $946 billion as SpaceX and Tesla stocks declined following their recent IPO and market pressures. SpaceX faces significant cash burn with projected negative free cash flow of $105 billion in 2029, while Tesla struggles with increased competition and declining margins. Both stocks present volatile investment opportunities requiring caution.

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