Tesla shares tank, wiping $168b from value in a day

07/24/2024 11:14 PM

Tesla CEO Elon Musk. Photo: Getty Images Tesla shares have tumbled 12%, evaporating almost US$100 billion (NZ$168 billion) in stock market value after CEO Elon Musk's talk of humanoid robots and driverless taxis failed to comfort investors worried about the electric car maker's shrinking profit margins.

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