"Tesla's Market Value Plunges as Growth Targets Fade"

Tesla's shares plunged by as much as 11% after a disappointing earnings call, resulting in a $73 billion loss in market value. The company warned of slowing growth in electric car sales and highlighted the threat from Chinese rivals. Tesla's financial results for the last quarter fell short of expectations, with adjusted earnings per share down 40% from a year earlier. The firm's operating margin also nearly halved, partly due to increased costs related to the production of the Cybertruck pickup. Despite the challenges, some analysts remain optimistic about the potential impact of Tesla's lower-cost vehicle and a more favorable economic environment.