Tesla lost $140 billion in market value in under a month, faces these mounting troubles - Autoblog

stock then plunged another 10%

Tesla has also raised its internal spending forecasts – which some investors took as confirmation that Musk's aggressive price cuts have and will continue to eat away at the company's margins.Falling margins are to be expected when a company cuts prices aggressively in a bid to boost its market share – but analysts weren't anticipating a 24% plunge in Tesla's profits.

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