Tesla Share Price Plunges 12%, erasing $80 billion valuation after Musks Sales Warning
Tesla’s stock fell more than 12% after CEO Elon Musk issued a warning that sales growth would not pick up this year, even in spite of price cuts that have already negatively impacted the company’s margins and heightened investor apprehension about weak demand and competition from China. Elon Musk stated on Wednesday that growth will…