After Losing An Average Of $16.3 Billion A Day For Over A Month, Elon Musk Says “Money Won't Matter in 2036”

The article frames Elon Musk’s sharp wealth decline as a backdrop to his long-term AI-driven vision. Musk’s net worth reportedly fell by about $488 billion in a month, averaging $16.3 billion per day, after SpaceX’s post-IPO selloff and a weaker Tesla quarter. Tesla reported Q2 revenue of $28.24 billion, but non-GAAP EPS missed estimates and free cash flow turned negative at $1.09 billion, weighing on shares. The piece contrasts Tesla’s underperformance with NVIDIA’s strength, highlighting that AI-related hardware leaders are benefiting while Tesla faces near-term cash burn. Musk’s comments that AI could exceed human intelligence within five years and make money irrelevant by 2036 were presented as part forecast, part broader market commentary. Overall, the market takeaway is that Tesla remains under pressure from weakening fundamentals and sentiment, while AI trade leaders like NVIDIA continue to attract capital.