Tesla Market Value Drops Below $580B, Hits 7-Month Low on Slowing Growth and Missed Earnings
• Tesla’s market value fell to $579.3 billion on Thursday, its lowest since May 25, 2023 • The drop came after Tesla warned of slowing volume growth and missed earnings expectations • Tesla is now smaller in market size than Broadcom for the first time since the pandemic • Eli Lilly surpassed Tesla's market cap on Thursday with $594 billion • Tesla sank to its lowest market value in over 7 months amid the steep drop