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Tesla erases $80B in valuation after Musk’s sales warning

By Inquirer - 10 months ago
Tesla tumbled over 12 percent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world’s most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Musk said on Wednesday that growth would be “notably lower” as Tesla focuses

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