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The Independent UK

Mike Bedigan

Musk’s bad day: Tesla’s stock tanks costing mogul $18 billion as X suffers major outage

Tesla Inc. X Elon Musk United States Donald Trump

Elon Musk took two significant financial blows on Monday, with stocks in Tesla slumping dramatically to a lower price than before Donald Trump’s November election victory and X suffering a major outage.

Tesla shares fell by more than 14 per cent by mid-day after UBS cut its forecast for the automaker's first-quarter deliveries, and 15.43 per cent by the time the markets closed, making it Tesla’s worst day since September 2020.

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