One decision. One unexpected move. Thatโs all it took to wipe $90 million off Elon Muskโs net worth in a single trading day, sending shockwaves across Wall Street and Silicon Valley alike.
The drop came after a mysterious shift in Teslaโs internal AI development roadmap was leaked online. Sources claim the move could delay certain autonomous vehicle milestones by up to six months. Investors, already jittery over the volatile EV market, responded with a massive sell-off that shaved millions off Muskโs fortune before lunch.
Adding fuel to the fire, Musk posted a cryptic message on X (formerly Twitter) just hours earlier: โSometimes you have to slow down to speed up.โ While some read it as strategic patience, others feared it was an admission of deeper issues. The timing of the post coincided almost exactly with the sharpest dip in Teslaโs share price that day.
But it wasnโt just Tesla stock taking a hit. SpaceX insiders revealed a minorโbut costlyโsetback with a Starship prototype, adding another layer of uncertainty for Muskโs vast business empire. The markets, ever sensitive to perception, punished the news with relentless selling.
Meanwhile, analysts are split on the true cause. Some say the $90 million loss is simply a โpaper cutโ for a man whose net worth regularly swings by billions. Others warn it could signal the start of a more turbulent period for Musk, especially given the competitive pressure from both Chinese EV manufacturers and Big Techโs AI push.
Social media, as always, turned the event into a spectacle. Fans urged Musk to โignore the noiseโ and push forward, while critics gleefully called it โkarmaโ for his outspoken online persona. Hashtags like #MuskCrash and #TeslaTrouble trended worldwide within hours.
For Musk himself, the loss seemed almost irrelevant. Insiders say he immediately convened a closed-door strategy meeting focused not on recovering the $90 million, but on accelerating Teslaโs next AI-integrated vehicle launch. His parting words to staff reportedly were: โThe future isnโt written in stock pricesโitโs written in the next breakthrough.โ
Whether this day will be remembered as a blip or a turning point is still unclear. But one thing is certain: Elon Musk is playing the long game, and heโs not afraid to gamble bigโeven when the stakes hit his own wallet. And if history is any guide, the world hasnโt seen his biggest move yet.