Tesla, SpaceX Shares Each Fall Over 9% as Nasdaq Drops 5%

Tesla and SpaceX each fell more than 9% Thursday, November 5, 2026, as the tech-heavy Nasdaq index sank 5% in a chipmaker selloff. Business Insider reported the pair lost over $100 billion in combined market value at the open. Whether this reflects the index or company news will take more than one session to tell.