Tesla Shares Plunge, Wiping $18.6 Billion Off Musk's Net Worth After Profit Miss
Tesla's stock suffered a sharp decline after the company's quarterly profit results fell short of analyst expectations. The drop erased approximately $18.6 billion from Elon Musk's net worth. Tesla has outlined plans for significant investment in artificial intelligence and other future initiatives, but investors are demanding concrete progress on robotaxi and humanoid robot development. Musk declined to address speculation about a potential merger between Tesla and SpaceX.
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