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Tesla Plummets 14% Amid Disappointing Earnings Report
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Tesla's stock price plummeted 14% on Thursday, amid a disappointing earnings report that failed to meet Wall Street's expectations. The automaker's shares fell to their lowest level in over a year, wiping out over $18 billion from Elon…
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Tesla Plummets 14% Amid Disappointing Earnings Report
Tesla's stock price plummeted 14% on Thursday, amid a disappointing earnings report that failed to meet Wall Street's expectations. The automaker's shares fell to their lowest level in over a year, wiping out over $18 billion from Elon Musk's fortune. The earnings report was disappointing, with the company's revenue falling short of expectations. The company's plans to spend billions more on AI and other initiatives also failed to impress investors. The stock price is expected to remain volatile in the coming days, as investors closely watch the developments in the electric vehicle market.
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