Musk's fortune drops $100B post-midterms as tech selloff hits AI stocks

Following the Democratic victory in the US midterm elections, investors sold tech shares on fears of AI slowdown, erasing over $100 billion from Elon Musk's net worth, now estimated at $785 billion. The 500 billionaires on Bloomberg's index lost $185 billion in a single day. This marks a sharp reversal in tech sentiment, likely driven by expectations of stricter regulation or policy shifts under the new Democratic governor.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works