Elon Musk loses trillionaire status to “Accenture-triggered wipeout” in the US market

Elon Musk lost his trillionaire status barely two weeks after earning it, as a tech sell-off sparked by Accenture’s weak guidance wiped over $360 billion from his fortune. SpaceX shares crashed more than 30% from their June peak, while Tesla slid 5.8%, dropping Musk’s net worth to $957 billion. With both stocks holding up nearly his entire wealth, the rout hit harder than any rival. A 6% SpaceX rebound could restore his trillionaire title.