News Formal

Tesla's single-day stock rout of $56 billion dwarfs Ford's market cap

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Tesla saw a $56 billion stock rout in a single day, an amount that dwarfs Ford's market cap

Tesla electric cars charge at a Supercharger.Tesla saw its value plunge by almost $56 billion in one day, an amount that dwarfs the individual market caps of Ford and General Motors.

That was driven by a selloff in the EV maker's shares after it reported first-quarter earnings that missed estimates. The automaker still has $515 billion in market cap - making it the 9th most valuable company in the world. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla saw a $56 billion stock rout in a single day, an amount that dwarfs Ford's market cap - AutoblogTesla saw its value plunge by almost $56 billion in one day, an amount that dwarfs the individual market caps of Ford and General Motors.
Source: therealautoblog - 🏆 528. / 51 Read more »

Tesla stock price falls after new round of price cuts before earningsTesla falls after issuing a fresh round of price cuts ahead of reporting earnings results So, the Model S has been around since june 22nd, 2012, when Somebody That I Used to Know by Gotye was topping the charts. And there's no successor in sight.
Source: BusinessInsider - 🏆 729. / 51 Read more »