Elon Musk Freaking Out as Tesla Craters

Tesla's stock tumbled by almost 16 percent on Monday, driven by widespread pessimism over the EV maker's plummeting sales numbers worldwide. Wall Street analysts lowered their price targets significantly, expecting the stock to slide even further. Tesla's losses have been so staggering over the last couple of weeks, the company has wiped out all of its gains since president Donald Trump was elected in November. Its stocks are currently down over 55 percent since hitting a record high in mid-December. The carmaker's CEO Elon Musk has felt the hurt too, wiping out over $120 billion of his net worth since reaching an all-time high late last year. Today alone, Tesla's sliding stock has cost the entrepreneur a whopping $12 billion. And the prognosis is grim. Sales are down 45 percent in Europe, a whopping 49.2 percent month in China, and even a catastrophic 70 percent in Australia in February. In the US, Tesla's core market, sales are already down two percent in the first few months of 2 ... Read full article.