Space X Falls 3.41% to Its Lowest Close Since U.S. IPO; Tesla Gains 0.76%
Elon Musk’s Space Exploration Technologies Corp., known as SpaceX, fell 3.41% to $108.37, its lowest closing price since its U.S. IPO. The stock has declined 36.57% so far in July and has plunged 46% since reaching a closing high of $201.80 on June 16. Tesla rose 0.76% to $311.21, but has fallen 26.01% in July. The company’s shares have declined 17% since Tesla released its second-quarter financial results on July 22. The report showed that Tesla recorded a quarter of negative cash flow for the first time in two years. Musk’s personal fortune is currently $684 billion, compared with a peak of about $1.33 trillion on June 16.
Elon Musk’s Space Exploration Technologies Corp., known as SpaceX, fell 3.41% to $108.37, its lowest closing price since its U.S. IPO. The stock has declined 36.57% so far in July and has plunged 46% since reaching a closing high of $201.80 on June 16.
Tesla rose 0.76% to $311.21, but has fallen 26.01% in July. The company’s shares have declined 17% since Tesla released its second-quarter financial results on July 22. The report showed that Tesla recorded a quarter of negative cash flow for the first time in two years.
Musk’s personal fortune is currently $684 billion, compared with a peak of about $1.33 trillion on June 16.
Tesla rose 0.76% to $311.21, but has fallen 26.01% in July. The company’s shares have declined 17% since Tesla released its second-quarter financial results on July 22. The report showed that Tesla recorded a quarter of negative cash flow for the first time in two years.
Musk’s personal fortune is currently $684 billion, compared with a peak of about $1.33 trillion on June 16.