Elon Musk's Net Worth Plummets Following Tesla Disappointment and SpaceX Rocket Explosion

Tesla reported a 24% drop in profits, causing a 10% drop in share price and erasing $58 billion from its market cap.
SpaceX's Starship rocket exploded during a test, damaging the company which Musk owns 42% of.
Musk's net worth fell by $12.6 billion, the largest drop this year, leaving him with $164 billion total.
Despite the loss, Musk remains the second richest person in the world.
The volatility of Musk's companies - Tesla, SpaceX and Twitter - led to a turbulent week for the entrepreneur.