Tesla shares closed down almost 9 per cent on Friday, wiping $67bn from the carmaker’s market valuation, after Elon Musk’s much-hyped Robotaxi event disappointed investors with a lack of detail about a planned fleet of autonomous “Cybercabs”.
The plunge in the stock left Tesla as the worst performer on the S&P 500. However, the group remains the most valuable car company in the world, with a market capitalisation of $696bn.
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