Elon Musk Lost His Trillionaire Status as SpaceX Shares Dropped 26%. Are Tesla and SpaceX Stock Still a Buy?
Is it time to buy on the dip on these two tech stocks?
Overview
Elon Musk has been the wealthiest man in the world since 2024, and he reached trillionaire status for the first time when Space Exploration Technologies (NASDAQ: SPCX) stock briefly topped $200 a share in its first week of trading. However, SpaceX stock is now 26% off its highs, and Elon Musk is no longer a trillionaire.
What does that mean for his companies, SpaceX and Tesla (NASDAQ: TSLA), and for shareholders?
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Originally published at www.fool.com.
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