Tesla's stock declined 13.5% on Thursday in one of the company's worst single-day losses, wiping out roughly a quarter of its market value. The drop followed earnings reports showing weak profits and high spending on AI and robotics.
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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 inv
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