On November 5, 2026, Elon Musk's net worth decreased by $33.5 billion, a 3.7% drop, as investors sold shares in response to expected Democratic majorities in Congress. Tesla's stock fell about 3.3%, and SpaceX's value declined by 3.8%. Despite Musk's losses, the overall stock market performed well, with the Dow Jones Industrial Average rising by 3%. Oil prices also dropped significantly on the same day.
Key facts
- Elon Musk's net worth dropped by $33.5 billion on November 5, 2026.
- Musk's wealth declined by 3.7% in one day, according to Bloomberg.
- Tesla's stock fell approximately 3.3%, and SpaceX's value decreased by 3.8%.
- The Dow Jones Industrial Average rose by 1,570 points, or 3%, on the same day.
- Brent crude oil prices fell over 8% to just above $95 per barrel.
A short AI summary in our own words. The reporting belongs to Washington Examiner; we don't reproduce it.