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Home›US Markets›Sectors›Tesla faces potential $200B market value wipeout after…

Tesla faces potential $200B market value wipeout after earnings call

Reported · Written up by our desk · Sectors

Tesla’s stock is set up for its worst single-day drop in a year after investors reacted skeptically to Elon Musk’s spending approach following the company’s earnings call, according to MarketWatch.

MarketWatch said the reaction raises more questions than answers among investors, leaving the stock vulnerable to a large market value decline that the outlet characterizes as a possible $200 billion wipeout.

The concerns are tied to how quickly Musk plans to spend, as investors appear to be recalibrating expectations for Tesla’s near term execution following the call, MarketWatch added.

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Sources

MarketWatchTesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’
MarketWatchTesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’

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