‘Devastated’ Elon Musk reacts after the billionaire lost $29,000,000,000 in one day
Elon Musk faced a staggering $29 billion loss in a single day, driven by a 15% drop in Tesla’s stock price. The decline was influenced by a mix of factors, including increasing competition in the electric vehicle market, particularly from China’s BYD, which has gained significant market share. Tesla’s Shanghai sales dropped nearly 50% in…