On March 10th, $Tesla (TSLA.US)$'s stock faced a “Black Monday,” plunging 15.4% to close at $222.15, the worst single day drop since September 2020.
Overnight, it shed $130 billion in market value, equivalent to erasing $Ford Motor (F.US)$ and $General Motors (GM.US)$'s combined worth. This rout dragged the Nasdaq down 4% and sliced Tesla’s valuation in HALF from its December 2024 peak ($479.86).
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This week, various companies including $Oracle (ORCL.US)$, $Futu Holdings Ltd (FUTU.US)$ and $Li Auto (LI.US)$ are releasing their earnings. How will the market react to the companies' results? Let's make a guess!
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He also hopes to make auto loan interest on vehicles manufactured in the USA tax-deductible, promising that it will "definitely allow" the Autos Industry to thrive.
Is Tesla thriving?
$Tesla (TSLA.US)$