Sad trombone for the world's richest shithead. From the WSJ:
"Tesla shares fell 15% on Thursday—erasing $215 billion of market value—after the electric-vehicle maker missed earnings targets and had negative cash flow for the first time in two years. It was part of a wider stock selloff amid fears that big tech companies are overspending on artificial intelligence.
On an earnings call, Musk walked back earlier guidance on the rollout of Tesla’s Robotaxi ride-hailing service, Optimus humanoid robots and an electric semi truck that has been in development for years."
"Shares of SpaceX, which went public at $135 and traded above $225 in the days after its debut, are down nearly 50% from those highs. The stock broke below its initial-public-offering price within weeks and has lost more than $1 trillion in value from its peak."
https://www.wsj.com/finance/stocks/reality-bites-elon-musk-and-his-tesla-spacex-believers-1b639591 (paywall)
https://archive.ph/GmKt1
"Tesla shares fell 15% on Thursday—erasing $215 billion of market value—after the electric-vehicle maker missed earnings targets and had negative cash flow for the first time in two years. It was part of a wider stock selloff amid fears that big tech companies are overspending on artificial intelligence.
On an earnings call, Musk walked back earlier guidance on the rollout of Tesla’s Robotaxi ride-hailing service, Optimus humanoid robots and an electric semi truck that has been in development for years."
"Shares of SpaceX, which went public at $135 and traded above $225 in the days after its debut, are down nearly 50% from those highs. The stock broke below its initial-public-offering price within weeks and has lost more than $1 trillion in value from its peak."
https://www.wsj.com/finance/stocks/reality-bites-elon-musk-and-his-tesla-spacex-believers-1b639591 (paywall)
https://archive.ph/GmKt1
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