The Guardian·4 min read·medium
Tesla stock suffers double-digit drop on carmaker’s worst day in years
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Nick Robins-Early
✦AI Summary
Tesla stock dropped 13.5% following a disappointing earnings report that highlighted weak profits and high spending on AI and robotics. Investors expressed concern over the slow rollout of the company's Robotaxi and Optimus humanoid robot projects.
Tesla has lost about 27% of its market value throughout the year. Tesla has lost about 27% of its market value throughout the year. Tesla Tesla stock suffers double-digit drop on carmaker’s worst day in years Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and robotics
businesstechnologyeconomy
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