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Tesla set to erase $70 billion in valuation after Musk s sales warning

Tesla set to erase $70 billion in valuation after Musk s sales warning
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Tesla erases US$80 billion in valuation after Musk s sales warning

Tesla tumbled over 12 per cent on Thursday (Jan 25) after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Musk said on Wednesday that growt

United statesElon muskMichael hewsonToni sacconaghiRivian automotive incLucid group

Tesla share price plunges 12%, erasing $80 billion in valuation after Elon Musk warns sales slowdown despite price cuts

Tesla s stock plunged over 12% after CEO Elon Musk hinted at a slowdown in sales growth this year, causing concerns about soft demand and Chinese competition. The company s market value dropped by $80 billion, bringing its total market capitalization loss for the month to about $210 billion.

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Tesla erases $80bln in valuation after Musk s sales warning

Tesla erases $80bln in valuation after Musk s sales warning
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Tesla set to erase $50 billion in valuation after Musk s sales warning

Tesla set to erase $50 billion in valuation after Musk s sales warning
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United statesElon muskMichael hewsonToni sacconaghiRivian automotive incLucid group