It’s been a rough year for Tesla. Shares are down roughly 20% in the past 12 months as Elon Musk’s electric vehicle giant has struggled with flagging sales and increased competition, particularly in China, representing a loss of nearly $200 billion in market cap. The company’s stock climbed on Monday, however, gaining 3% as markets appeared to steady after last week’s sell-off.
Tesla remains in the headlines, particularly after the Wall Street Journal reported Saturday that Tesla could enter into a revenue-sharing agreement with xAI, Musk’s artificial intelligence company. Musk said the report was “not accurate" in a post late Saturday on his social media platform X.
