Tesla saw a $56 billion stock rout in a single day, an amount that dwarfs Ford's market cap
That was driven by a selloff in the EV maker's shares after it reported first-quarter earnings that missed estimates.
The automaker still has $515 billion in market cap - making it the 9th most valuable company in the world. In just one day, Tesla saw its market value plunge by almost $56 billion, an amount that dwarfs the individual market capitalizations of two of its main American competitors: Ford and General Motors.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ford Mustang Raptor off-road coupe rumored for 2026 - AutoblogThe Ford Mustang is the latest car to get the Raptor treatment, resulting in an off-road-ready version of the muscle car powered by a 500-horse V8.
Lire la suite »
Ford F-150 Lightning fire that prompted recall is caught on police video - AutoblogEarlier this year, Ford had to recall some F-150 Lightning electric trucks due to a holding lot fire; footage of that incident has been made public.
Lire la suite »
Ford Maverick-sized, Brazil-bound Ram Rampage compact pickup previewed - AutoblogDue out later in 2023, the Ram Rampage is a Ford Maverick-sized unibody pickup designed for the Brazilian market that's shaped like the 1500.
Lire la suite »
Tesla factory where a worker was crushed to death had safety weaknesses, report says - AutoblogChinese inspectors said Tesla should be punished after the death of a Shanghai factory worker, Caixin Global reported.
Lire la suite »
Tesla's shrinking margins are 'keeping investors up at night' - AutoblogTesla shares fell after the company turned in smaller margins for its first quarter. Here's what some analysts have to say about the results.
Lire la suite »
Elon Musk was grilled on Tesla's price cuts during the company's earnings call - AutoblogThe company has slashed its prices six times this year, and its profit margins have dropped as a result.
Lire la suite »