Tesla’s Plunge Drags Valuation Below $500 Billion on Margin Fear
Tesla Inc. shares extended their brutal selloff, pulling the company’s market valuation below the key half-trillion dollar mark as investors increasingly fear its price-cutting plan will eat into profits. The stock price closed down 4.3% at $153.75, the lowest since Jan. 25. The company has lost more than $84 billion from its market capitalization over…
