Tesla’s FSD Launch in China: Share Price Plummets by 8%, Valuation Falls Below $1 Trillion

 
Elon Musk’s fortune has taken a significant hit following the launch of Tesla’s Full Self-Driving version (FSD) in China. On the second day after the launch, Tesla’s stock price plunged by 8%, leading to a market capitalization drop below $1 trillion.
While the launch of FSD was anticipated as a major advancement for the company, the actual market reaction indicates concerns among investors regarding the viability of the technology and its impact on Tesla’s profitability in the competitive Chinese market.

Elon Musk has faced fluctuating fortunes, largely dictated by Tesla’s stock performance, where market reactions to announcements and financial disclosures continue to greatly affect his wealth.

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