Tesla Shares Plummet Amid Investor Concerns Over Profit Margins and Future Prospects ...Middle East

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Tesla Shares Plummet Amid Investor Concerns Over Profit Margins and Future Prospects
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Tesla shares plunged by 12% on Wednesday, wiping out nearly $100 billion in stock market value. This drop followed CEO Elon Musk’s discussion on future products such as humanoid robots and driverless taxis, failing to alleviate investor concerns over shrinking profit margins. The electric vehicle maker reported its lowest quarterly profit margin in five years, with earnings per share missing estimates for the fourth consecutive quarter.

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