Tesla fell nearly 18% this week, marking its largest weekly decline in 2022; SpaceX also dropped over 7% this week

July 25th, according to BIT (bit.com) market data, the U.S. stock market saw mixed results on Friday with the three major indices closing as follows: the Dow Jones Index rose by 0.46%, the S&P 500 Index rose by 0.05%, and the Nasdaq Index fell by 0.64%. The Philadelphia Semiconductor Index experienced a significant drop of 4.25%.

On the individual stock side, SanDisk fell by over 10%, Coherent fell by over 9%, SK hynix fell by over 8%, and Kioxia ADR fell by over 14%. Additionally, chip stocks such as Marvell Technology, Intel, Western Digital, and Micron Technology all saw noticeable declines.

Tesla fell by over 2%, marking a nearly 18% decline for the week, the largest weekly drop in 2022; SpaceX's stock price continued to hit new lows, with a cumulative drop of over 7% for the week.