Tesla briefly lost its $1 trillion market capitalization on Friday as shares extended losses following a disappointing second-quarter earnings report, underscoring investor concerns over the electric vehicle maker's profitability and the growing scrutiny surrounding CEO Elon Musk's long-term vision. Tesla stock fell as much as 3.65% during Friday's session to an intraday low of $308, reducing the company's market value to approximately $996.1 billion. The shares later recovered enough to push Tesla's valuation back above the $1 trillion mark, although the stock remained under pressure after Thursday's steep post-earnings decline. The latest move follows a 14% plunge after the company's quarterly results, as investors reacted to weaker-than-expected profits despite stronger vehicle deliveries and rising revenue. Earnings miss shifts focus to...
Tesla market cap briefly falls below $1 trillion after earnings-driven selloff
