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Tesla Shares Plunge as Elon Musk Faces Financial and Strategic Challenges

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Source: Forbes
Tesla Shares Plunge as Elon Musk Faces Financial and Strategic Challenges
Photo: Forbes
TL;DR

Tesla's stock dropped over 9%, leading to a $17 billion decrease in Elon Musk's net worth, amid concerns about upcoming expiration of federal EV tax credits and Tesla's recent revenue decline, with Musk warning of potential tough quarters ahead.

Topics:top-newsbusiness#business#elon-musk#ev-tax-credits#net-worth#stock-decline#tesla
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  1. Elon Musk’s Net Worth Drops $17 Billion As Tesla Shares Plunge  Forbes
  2. Elon Musk Sees ‘Rough’ Times Ahead for Tesla  The New York Times
  3. 'Sad and depressing': Longtime Tesla investor Ross Gerber sees a painful road ahead for the EV maker after earnings  Business Insider
  4. Tesla earnings show ongoing fallout from Musk’s broken alliance with Trump  The Washington Post
  5. Tesla’s stock is tumbling after Elon Musk failed to shift the narrative  CNN

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