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

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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.

 

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