Key Takeaway
Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and roboticsTesla’s stock fell about 13. 5% on Thursday in one of the biggest single-day market losses in the company’s history.
Published July 23, 2026 · Category: News
Overview
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.
Details
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 investors.
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Source
Originally published at www.theguardian.com.
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What is "Tesla stock suffers double-digit drop on carmaker’s worst day in years" about?+
Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and roboticsTesla’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 investors. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.