Tesla Stock Plummets Over $200 Billion After Musk's Spending Plan
Tesla's stock experienced a significant double-digit drop, resulting in a over $200 billion market value wipeout, after investors reacted negatively to Elon Musk's plan to spend 'as fast as we can'.
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Tesla stock suffers double-digit drop on carmaker’s worst day in years
Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and robotics Tesla’s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company’s history. Elon Musk’s automaker has struggled throughout the year, losing about 27% of its market value as huge capital expenditures and weaker-than-expected profits worry investors. Continue reading...
By Nick Robins-Early and agencies
Read full article →Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’
Tesla’s stock heads for its worst drop in a year after the company’s earnings call leaves Wall Street with more questions than answers.
By William Gavin
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