Elon Musk’s Net Worth Drops $50 Billion Amid Tesla Rout—As Trillionaire Status Nears

BreakingBusinessElon Musk’s Net Worth Drops $50 Billion Amid Tesla Rout—As Trillionaire Status NearsByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorJun 11, 2026, 09:36am EDTToplineA monthlong decline in Tesla shares has cut more than $50 billion from CEO Elon Musk’s fortune, but the world’s richest person is still expected to become a trillionaire this week amid record-setting demand for SpaceX’s stock debut.A stock debut for Musk’s aerospace firm should make him the first trillionaire, even as Tesla’s latest slide cut into his fortune.dpa/picture alliance via Getty ImagesKey FactsTesla’s shares, which hit a recent peak of $453.40 on May 13, have dropped by nearly 16% as of Wednesday’s closing price of $381.59, which marked the seventh decline for the stock over the previous nine sessions.That nearly monthlong slide for Tesla has reduced Musk’s net worth by about $51.5 billion, valuing his fortune at $782 billion, and still ranking him well above Google cofounders Larry Page ($290.9 billion) and Sergey Brin ($268.3 billion), the second- and third-richest people in the world, respectively, according to Forbes’ Real-Time Billionaires list.Despite the slide, some analysts have become increasingly bearish for Tesla in recent days: JPMorgan, in a note led by analyst Rajat Gupta last week, set its stock price target for Tesla at $475 after previously projecting a 65% plunge to $145—a prediction that Musk responded to on X, writing, “lol.”The analysts cited Tesla’s push into autonomous driving and robotics over near-term earnings, writing Tesla was at the “forefront of physical AI” and that the company was “unmatched at industrial level scale.” if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd....