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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'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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