Elon Musk Companies Update July 23, 2026: Tesla Shares Sink, SpaceX Moon Crash, Robotaxi Delays

Key points

• •Tesla’s share price plunged nearly 14% on July 23, falling from around $374 to about $320 per share, obliterating over $140 billion from Tesla’s market cap. This drop wiped approximately $18 billion off Elon Musk’s net worth, marking one of Tesla’s sharpest single-day declines in years and raising investor concerns about the company’s near-term prospects.[Forbes][Teslarati]
• •Elon Musk’s ambitious plan to develop an autonomous driving system for the Tesla Semi truck has been revealed, focusing on AI technology to allow the 40-ton vehicle self-driving capabilities. This initiative is poised to significantly enhance logistics automation and reduce reliance on human drivers in the trucking industry.[Torque News]
• •Tesla faces potential new U.S. safety regulations due to customer incidents involving its door handle design, which has raised concerns after people became trapped. These safety issues could force Tesla to redesign this signature feature, impacting manufacturing and user experience.[TechCrunch]
• •Tesla’s Full Self-Driving (FSD) system remains mired in regulatory challenges, with Elon Musk publicly criticizing France for delaying FSD approval. This setback exemplifies broader hurdles Tesla encounters internationally as it tries to deploy autonomous driving technology.[Teslarati]
• •Tesla’s robotaxi project is currently facing significant technological and regulatory rollout challenges, especially evident in Azerbaijan, causing Elon Musk to temper expectations for the service’s near-term deployment. These difficulties illustrate the complexity of scaling autonomous ride-hailing.[Latest news from Azerbaijan]
• •SpaceX continues to be a major focus of significant investment, with Alphabet revealing a $94.1 billion stake following SpaceX’s IPO this year. However, operational issues such as the expected August crash of a Falcon 9 rocket upper stage into the moon highlight challenges in space object management.[Teslarati][Engadget]
• •Elon Musk’s social media platform X is escalating legal battles by filing five judicial review actions against Ireland’s Coimisiún na Meán, indicating ongoing efforts to push back against regulatory decisions impacting the platform’s operations in Europe.[Irish Examiner]
• •A documentary about Elon Musk, described by him as a ‘hit piece,’ was released publicly, drawing attention to Musk’s controversial public image. This film and other media engagements continue to shape global perceptions of Musk’s leadership and enterprises.[San Francisco Chronicle]

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