Tesla Shares Plunge as Elon Musk Faces Financial and Strategic Challenges
TL;DR Summary
Tesla's stock dropped over 9%, leading to a $17 billion decrease in Elon Musk's net worth, amid concerns about upcoming expiration of federal EV tax credits and Tesla's recent revenue decline, with Musk warning of potential tough quarters ahead.
- Elon Musk’s Net Worth Drops $17 Billion As Tesla Shares Plunge Forbes
- Elon Musk Sees ‘Rough’ Times Ahead for Tesla The New York Times
- 'Sad and depressing': Longtime Tesla investor Ross Gerber sees a painful road ahead for the EV maker after earnings Business Insider
- Tesla earnings show ongoing fallout from Musk’s broken alliance with Trump The Washington Post
- Tesla’s stock is tumbling after Elon Musk failed to shift the narrative CNN
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