Musk's net worth plummets, joking that he is a "former trillionaire."

According to Jinshi reports, Tesla (TSLA.O) stock price has fallen nearly 20% this week, closing at $313.03 per share, marking the largest weekly decline since 2022; SpaceX (SPCX.O) closed at $115.07 per share, the lowest level since the company's IPO last month.

Data from the Bloomberg Billionaires Index shows that Musk's personal wealth evaporated by about $130 billion (approximately 880 billion yuan) in just five trading days, and just a few weeks ago, he had become the first billionaire in human history to surpass $1 trillion in wealth. Musk himself joked on social media that he is a "(former) trillionaire."