Tesla's Stock Plummets Below $150, Erasing Yearly Gains

Tesla's stock has plummeted below $150 per share, erasing all gains made over the past year, as the company faces declining sales and increased competition in the electric vehicle market. The stock's decline has also impacted Elon Musk's $56 billion pay package. Analysts are concerned about Tesla's future, with sales falling and uncertainty surrounding the release of a new affordable electric vehicle. The company has also announced significant job cuts and the departure of two high-placed executives amidst the challenging market conditions.