Tag: Toyota

Elon Musk And The EV Market Face Turbulence: Are the Glory Days of Electric Vehicles Dimming?

Financial Data tamir - October 28, 2023

Elon Musk, CEO of Tesla recently faced a staggering $30 billion decline in his net worth. This came as Tesla, once the beacon of EV industry, announced its weakest quarterly earnings per share in two years, a full 10% below already gloomy analyst predictions. This news sent shockwaves through the stock market, causing Tesla's shares to dive over 17%, erasing a colossal $138B from its market capitalization in just two trading days.

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