Tesla's CEO, the No. 2 billionaire in the world, lost a chunk of his net worth on Thursday as shares of the electric-car maker took a beating on Wall Street.
A $12.6 billion chunk was hacked off Elon Musk’s wealth pile on Thursday, after shares of Tesla Inc. saw the biggest one-day loss since the start of the year.
Read:... A $12.6 billion chunk was hacked off Elon Musk’s wealth pile on Thursday, after shares of Tesla Inc. saw the biggest one-day loss since the start of the year. The market cap of Facebook parent Meta Platforms Inc. META , topped that of Tesla for the first time in 16 months on Thursday, as $55.69 billion was wiped off the EV maker’s market value.
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Tesla loses $50 billion in value as stock tumbles 8% due to Elon Musk price cutsThe stock was trading at $167, with at least 15 analysts lowering their price targets on Tesla. The firm was set to lose $50 billion in market value.
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Elon Musk May Have Been Right, His Tesla Model Y Guess Could Come TrueTesla's Elon Musk predicted that the Model Y would become the best-selling car in the world. Of course, people said he was crazy, but it may happen this year.
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Elon Musk announces Tesla Cybertruck delivery event in third quarter of 2023Tesla will hold a delivery event for the Cybertruck in the third quarter of 2023, Elon Musk said in an earnings call. The polarizing electric truck is expected to start production in summer 2023.
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With Tesla stock and margins under pressure, Elon Musk falls back on his favorite fantasyTesla CEO Elon Musk relied on his favorite fantasy --- full autonomy is almost here! --- to combat legitimate margin concerns, and shares fell even more.
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U.S. stock futures drop after Elon Musk suggests Tesla may sacrifice marginsSentiment was hit by a sharp slide in Tesla stock after Elon Musk suggested he was prepared to boost market share at the expense of profit margins.
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Tesla Cybertruck Handover Event Expected In Q3 2023: Elon MuskElon Musk also said Cybertruck reservation holders are likely to get an update on the truck's specifications and pricing at the delivery event.
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