Peter Schiff Says Elon Musk Lost $100 Billion Amid Tesla, SpaceX Selloff: 'I'm an Elon Fan'
Peter Schiff comments on Elon Musk's $100B loss in wealth due to Tesla and SpaceX stock declines, but clarifies he is not criticizing Musk.
Elon Musk's wealth went down by a lot because Tesla and SpaceX stocks fell in value. When stocks drop, the people who own them see their net worth shrink, but that doesn't mean the companies are broken or won't do well later.
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