electric vehicle

  • Elon Musk Gets a Wake-Up Call as Tesla Valuation Falls 20% on Shrinking EV Demand

    Elon Musk Gets a Wake-Up Call as Tesla Valuation Falls 20% on Shrinking EV Demand

    Not even Elon Musk’s Tesla—which was touted as a vehicle manufacturing unicorn meant to dent the climate crisis—can withstand those pesky macroeconomic trends. Tesla’s valuation has just fallen as the electric vehicle market seriously cools down. Tesla’s reduced valuation follows the company announcing earlier this month in an earnings call that it would be reducing…