India  
 
NewsR.in

Tesla Shares Plummet $50-Billion

Video Credit: Wochit Business - Duration: 00:25s - Published
Tesla Shares Plummet $50-Billion

Tesla Shares Plummet $50-Billion

Business Insider reports that Tesla lost around $50 billion of its value.

The drop came after its founder Elon Musk said it would take until 2022 for Tuesday's "Battery Day" announcements to reach high-volume production.

Tesla closed 6% lower on Tuesday and a further 7% in after hours trading.

Musk said he is eyeing a cheaper vehicle with a target price of $25,000, and planning to build 20 million vehicles.


You Might Like

Related news from verified sources

Tesla announces plans to sell up to $5 billion in new stock shares

The electric car and solar panel maker said in a filing with securities regulators that it intends to...
Hindu - Published


Related videos from verified sources

Tesla Drops Over 5% [Video]

Tesla Drops Over 5%

On Wednesday, Tesla shares fell as much as 7%. The dip came after Tesla's "Battery Day" event missed expectations. Investors are questioning the company's lofty stock price. CEO Elon Musk unveiled..

Credit: Wochit     Duration: 00:33Published
Tesla Stalls Out After 'Battery Day' Bust [Video]

Tesla Stalls Out After 'Battery Day' Bust

Tesla shares continue to downshift after the company's highly anticipated 'Battery Day' fails to impress investors.

Credit: The Street     Duration: 02:36Published
Musk says cheaper Tesla batteries 3 years away [Video]

Musk says cheaper Tesla batteries 3 years away

Investors slashed $50 billion from Tesla's market value on Tuesday after CEO Elon Musk promised to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible -- but..

Credit: Reuters Studio     Duration: 01:54Published