Story perspectives
Tesla Shares Plunge 14%, Musk Loses $26.6 Billion
6/6/2025
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Story summary
- Tesla shares plummeted 14% on Thursday, resulting in a $153 billion market value loss.
- JPMorgan estimates that potential EV tax credit losses could cut Tesla's annual profit by $1.2 billion.
- Elon Musk's net worth decreased by $26.6 billion, now totaling $387.9 billion, due to the stock decline.
- Investor concerns over the feud have spurred demand for bearish options on Tesla stock.
