Reported about 16 hours ago
Tesla's stock faced a significant drop of over 14%, wiping out approximately $153 billion in market cap, due to CEO Elon Musk's public dispute with President Trump. Analysts describe this situation as a monumental disaster for Tesla, highlighting the long-term ramifications for both the company's stock and Musk's credibility. While some investors see potential in Tesla's ventures beyond electric vehicles, they warn that the political turmoil and resulting volatility could persist.
Source: YAHOO