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Tesla's value drops $50 bn after Musk's 'Battery Day' announcements
short by Rishabh Bhatnagar / on Wednesday, 23 September, 2020
Tesla saw a $50 billion dip in value after CEO Elon Musk said on 'Battery Day' that it would take three years to make a $25,000 self-driving car. Investors wiped $20 billion from Tesla's market value within two hours of close of trading, after Musk said it will take several years to halve battery costs and deliver an "affordable" car.
read more at Reuters