According to @StockMKTNewz, Elon Musk's net worth plunged by approximately $34 billion in a single day, marking his second-largest one-day loss, as reported by Bloomberg. This significant financial shift is closely tied to the sharp decline in Tesla (TSLA) shares, which can influence market sentiment and risk appetite in both the tech stock and cryptocurrency sectors. Historically, major moves in Musk's net worth and Tesla stock have correlated with volatility in meme coins like Dogecoin and broader crypto trading volumes, as traders react to perceived shifts in market leadership and tech sector stability (Source: Bloomberg, @StockMKTNewz).