Friday, 24 July, 2026
Elon’s $18B Burn: Tesla Stock Plunges 14% After Profit Miss
By TechShots Studio
Tesla stock plunged 14%—erasing $18.6 billion from Elon Musk's net worth—after second-quarter earnings missed profit expectations. Investors grew anxious over falling margins and heavy AI spending on robotaxis and Optimus robots. The sharp decline marks Tesla’s biggest single-day drop since widespread protests and showroom vandalism rocked the brand earlier.
Read full story at TIMES OF INDIA