Shares in Tesla slumped by more than 12% on Thursday after it warned its sales growth would be weaker this year than in 2023.
That wiped around $80bn (£63bn) off the company’s stock market value.
The electric carmaker, which is led by multi-billionaire Elon Musk, said its sales growth “may be notably lower” in 2024 despite cutting prices.
Tesla’s annual earnings, which were announced on Wednesday, also came in below Wall Street expectations.
The…
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