Elon Musk’s most valuable asset as Tesla’s stock continues to tumble. The shift marks the first time in five years the rocket company has meant more to Musk’s pockets than his automotive company. Forbes estimates that the Department of Government Efficiency chief’s 42 percent slice of SpaceX is worth $147 billion—almost $20 billion more than his Tesla shares.

Tesla’s (TSLA) stock crashed by as much as 4% in pre-market trading on new data coming from China. Let’s dive into what’s happening. Insurance registration numbers were released in China last night, indicating that Tesla sold about 15,300 vehicles in the world’s biggest EV market last week.

Tesla raised the Model Y Long range price but left the base variant steady and offered cheap financing. EV registrations rose modestly. Tesla stock fell.