Elon Musk Loses $41 Billion as Tesla Struggles Amid Broader EV Market Challenges
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Elon Musk has lost $41 billion in net worth over 13 days as Tesla stock price plunges 23% since October 17.
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Tesla Q3 earnings and Musk comments suggest profitability trending toward auto peers, not tech company margins.
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Tesla cutting prices to sustain volumes while GM and Ford slowing EV rollouts due to weak demand and unprofitability.
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Ford delays $12 billion in EV investments and may reduce commitments as customers not willing to pay premiums for EVs.
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Challenging EV economics have dashed early optimism over "cars of the future" for now.