From Fortune:

Tesla Inc. experienced a rough start to 2024 with a major drop in market valuation due to a series of negative news and challenges. Slowing growth in demand for EVs, aggressive price cuts, and rising labor costs all contributed to a 12% drop in stock value. Elon Musk’s net worth has also dropped by $23 billion this year. Despite these setbacks, Tesla remains a key player in the transition to electric vehicles, although its future success remains uncertain.



Read more: Tesla loses over $95B in market valuation to start 2024