Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’

Tesla's stock is on track for its steepest decline in a year following an earnings call that left investors skeptical about CEO Elon Musk's aggressive spending plans. Musk's commitment to spending "as fast as we can" sparked concerns about the company's financial health and sustainability, leading to a $200 billion loss in market value. This reaction underscores the pressure on Tesla to deliver consistent, transparent financial performance as it expands its operations and faces increasing competition in the electric vehicle market.