Tesla's market value evaporated by 1 trillion yuan overnight!
On Thursday, Eastern Time, the U.S. stock market opened high and fell low, with all three major indices closing down. Tesla's stock price plummeted, dragging down the Nasdaq and S&P 500 indices.
Tesla was one of the worst-performing stocks on Thursday, plummeting over 14%, with a market value evaporating by $152.5 billion (approximately 1.0943 trillion yuan) overnight, falling below a market value of $1 trillion.
U.S. President Trump openly expressed his "great disappointment" with Tesla CEO Elon Musk on Thursday. Subsequently, Musk retaliated on the social platform X, stating, "Without me, Trump can't win the election." The dispute between the two has continued to escalate, with Trump later calling Musk "crazy" and suggesting that he might cancel government contracts for Tesla and its subsidiaries.
