Elon Musk Could Lose Money On His Big $1 Billion Tesla Stock Purchase

Group 1 - Tesla stock experienced a significant sell-off, dropping nearly 5% before the market opened on Friday, with a total plunge of 6.6% [1] - The decline in Tesla's stock price is linked to CEO Elon Musk potentially incurring a loss on his $1 billion purchase made on September 12, which had previously supported the stock price [1] - The broader market also faced losses, with the Dow Jones index falling 300 points, indicating a general downturn in growth-led stocks including Nvidia and Tesla [2][4] Group 2 - The market's sell-off was characterized by sharp declines in major tech stocks, particularly Tesla, Nvidia, and Palantir, contributing to the Dow's 800-point drop, marking the sharpest loss in a month [4] - The sell-off in growth stocks has raised concerns, as the "Magnificent Seven" stocks, including Amazon and Nvidia, also faced significant declines [4]