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Chinese Competition

Chinese Competition latest

 Elon Musk
January 30th, 2024 - 09:46 GMT
Osama Ali

Osama Ali

Tesla loses $80 Billion after Elon Musk's call

ALBAWABA - In a staggering turn of events, Tesla Inc. witnessed an $80 billion loss, equivalent to a 12% drop in its stock value, following a warning about the slowdown in electric car sales and the existential threat posed by Chinese competitors. The Tesla stock experienced its worst day in 21 months, closing at its lowest level since December 2022. Since the beginning of 2024, the company's market capitalization has ...
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