Tesla & Google lose ₹48.26 lakh crore after announcing earnings

Shares of Elon Musk-led Tesla and Google-parent Alphabet came under heavy selling pressure on Thursday after announcing their quarterly earnings. Tesla plunged 14.5%, wiping out about $200 billion in market capitalisation in one of its worst single-day losses. Alphabet fell 8% despite beating quarterly revenue and profit estimates, erasing nearly $300 billion in market value.