Trusted News Discovery Since 2008
{{/content}}
Tesla Shares Plummet $50-Billion
Video Credit: Wochit
Published on September 23, 2020 - Duration: 00:26s
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 are here
Related videos from verified sources
Tesla Stock Rallies 10% 00:34
Video credit: Wochit - Published on September 9, 2020
Tesla To Raise $5 Billion With New Shares 00:30
Video credit: Wochit - Published on September 3, 2020
Pops and Flops: Kodak, Zoom, and Tesla Stock 06:58
Video credit: Cheddar Inc. - Published on September 1, 2020