Tesla market value tumbles below $1T as Europe sales plummet, concerns grow about Musk
1. Tesla stock dropped 8%, pushing market value under $1T. This drop reflects investor concern. 2. European sales fell 45% amid a 37% EV market jump. This points to regional delivery challenges. 3. CEO Musk faces distractions from political roles and AI investment concerns. This may harm strategic focus. 4. Stock trades at 112x expected earnings versus far lower multiples by peers. This raises longstanding valuation caution.