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Tesla Loses $214 Billion in Value After Musk's 'Spend as Fast as We Can' Plan Spooks Investors
MarketWatch·Friday, 24 July 2026
Tesla's stock suffered its worst single-day drop in a year after an earnings call where Elon Musk outlined plans to spend capital as fast as possible, leaving Wall Street with more questions than answers. The selloff wiped out $214 billion in market value. Investors were unsatisfied with the lack of concrete guidance.
Why It Matters
Tesla is one of the most widely held stocks globally, and its sharp drop drags down portfolios and sentiment across tech-heavy indices that many Indian mutual funds track.
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