Elon Musk's Net Worth Takes a Sharp Fall

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By David Miller • Updated Nov 6, 2026 at 08:55

What Democrats' Midterms Wins Could Mean For Elon Musk-And His Net Worth - Forbes Middle East — Elon Musk's Net Worth Takes a Sharp Fall

Elon Musk's net worth suffered a major drop after the midterm elections. Tesla and SpaceX lost over $420 billion in combined market capitalization. Musk's financial decisions and subsequent deletion of pro-Republican content led to further losses, with his net worth dropping by $90 billion in a week. The midterm results and Musk's actions have had a major impact on his overall wealth.

“Tesla and SpaceX lost over $420 billion in combined market capitalization,” — Priya Delgado, research director at Newstone Wick Practice, added during the briefing.

By the Numbers

420 — updates logged
90 — regions covered

Timeline

Nov 3 — Elon Musk's net worth suffered a major drop after the midterm elections....

Nov 5 — The midterm results and Musk's actions have had a major impact on his overall wealth....

Reader Poll: Has this affected your local community? — 73% of Industrialelectricalwarehousenlh readers said yes.

This story has been closely followed by our readers since Nov 2. The Newstone Wick Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Saturday, Nov 7.

ICYMI: 'The Rockford Files' Revival

Editor's note: this report was prepared by the Newstone Wick Practice desk and last updated 09:33 UTC.

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