Tesla’s Stock Tumbles 8% After ‘Historic’ Announcement; Market Cap Drops by $67 Billion

October 12, 2024 – In the local markets on October 11, Tesla’s shares plunged by 8.78%, closing at 217.8,whichresultedinamarketcapitalizationof695.79 billion. This significant drop wiped out $67 billion from the company’s valuation overnight. The preceding day, on October 10, Tesla unveiled its autonomous taxi and autonomous van models. However, due to the scarcity of detailed information,…

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Tesla Model X Prototype Makes Waves with Lidar Integration in Surprise Test Drive

August 29, 2024 – Tesla Surprises Industry with Lidar-Equipped Model X Prototype Spotted in Northern California A significant departure from its long-standing stance, Tesla has ignited speculation within the tech and automotive sectors by revealing a Model X prototype testing in Northern California, notably adorned with lidar technology. This revelation contradicts the company’s consistent assertion…

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