cnbc_topnews

Musk's bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight

📰 source: cnbc_topnews · 💼 business

tesla shares plunged 18% last week to close at $313.03, their worst weekly slump since 2022. spacex fell 7.2% to $115.07, its lowest since the company's ipo last month. combined, the declines wiped about $130 billion from musk's wealth, weeks after he became the world's first trillionaire.

tesla's drop followed weaker-than-expected earnings, with cash flow turning negative due to spending on futuristic projects like robotaxis, humanoid robots, and a giant chip fab. argus research said it will be nearly impossible for tesla to generate consistent profit growth near-term. spacex stock has fallen for four of the past five weeks, down 43% off its peak.

the company will attempt the 13th test flight of starship v3 on friday after weather and technical delays. musk also had a contentious interview with the economist, defending his support for far-right parties.

why it matters: tesla and spacex shares plummet, erasing billions from musk's fortune, as investor concerns grow over spending and execution risks.

source: cnbc_topnews
sentiment: -0.80 · impact: 0.80

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole