Tesla's market cap sinks below $1 trillion as stock slumps more than 8%

• Tesla’s stock skid pushes valuation below $1 trillion for the first time in 3 months

  Tesla’s closing market cap slides below $1 trillion for the first time since mid-November.
  
  MarketWatch - 2h
• 

  Musk loses more than $100B as Tesla gives up trillion-dollar company status amid sell-off

  Elon Musk's status as the world's wealthiest person is in no danger of changing.
  
  NBC News - 2h

• Op-ed: Tesla's stock slump is a glimpse of the future of the multinational corporation, and it's not good

  U.S. corporations are now viewed abroad as extensions of Trump's American foreign policy, exposing them to backlash. The market damage will get worse yet.
  
  CNBC - 5h

• Tesla recalls more than 376,000 vehicles over power steering issue

  Loss of power steering caused by overstressed motor drive components will require increased steering effort from driver, raising risk of crash, NHTSA says.
  
  CBS News - 4d
• 

  Tesla recalls more than 375,000 vehicles for power steering issue

  Tesla is recalling more than 375,000 vehicles in the United States due to a power steering issues, the National Highway Traffic Safety Administration announced Friday.
  
  NBC News - 4d
• 

  Tesla shares slump after European sales fall

  Shares in the US electric carmaker dropped after European sales halved in January.
  
  BBC News - 4h

• Here’s why more than $1 billion in sales was not enough for Grocery Outlet

  Grocery Outlet Holding Co.’s sales topped $1 billion in the fourth quarter, slightly above Wall Street expectations, but weaker quarterly profits and 2025 guidance dragged the stock down more than ...
  
  MarketWatch - 2h

• Tesla recalls more than 375,000 vehicles in U.S. due to failing power-assisted steering systems

  Tesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems.
  
  CNBC - 4d

• Energy drink stock Celsius pops more than 25% on big quarterly results, Alani Nu acquisition

  Investors appear reassured by the company's potential growth prospects, given its record full-year revenue and its acquisition of a rival energy drink brand.
  
  CNBC - 4d

More from CNBC

• Lucid CEO steps down; EV maker plans to more than double production in 2025

  Lucid said Marc Winterhoff, currently the company's chief operating officer, has taken over as interim CEO.
  
  CNBC - 1h

• Super Micro files financials just ahead of Nasdaq deadline and says it's 'regained compliance,' stock pops 22%

  Super Micro Computer filed its annual report for the year that ended June 30, meeting a deadline to stay listed on Nasdaq.
  
  CNBC - 1h

• Democrat senators question what Elon Musk plans to do with sensitive CFPB data

  Lawmakers questioned whether Elon Musk was conflicted in his moves to dismantle the CFPB, highlighting his recent plan to launch a digital payments service.
  
  CNBC - 1h

• Workday beats estimates for revenue and profit, stock jumps

  Workday exceeded analysts' estimates for the quarter and pointed to stronger demand from artificial intelligence products.
  
  CNBC - 1h

• White House identifies DOGE administrator amid questions about Elon Musk's role

  The administrator of President Donald Trump's so-called Department of Government Efficiency has been identified as Amy Gleason, a White House official said.
  
  CNBC - 1h

More in Business

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  Who Are the Probationary Federal Workers Being Cut Under Trump?

  Many government workers being cut are those with fewer protections. They are relatively new in their current jobs, but often have years of experience.
  
  The New York Times - 24m
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  Third of emissions cuts must come from consumers, says UK climate watchdog

  Government advisers call for an overhaul of domestic heating systems and suggest airfares could rise
  
  Financial Times - 25m
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  Surge in UK university students using AI to complete work

  Rapid spread of technology raises questions about how to assess undergraduate work
  
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• AMC’s stock climbs as improving box office boosts Q4 revenue, while CEO slams ‘crackpot conspiracy theorists’

  AMC Entertainment Holdings shares rose in extended trading Tuesday after the movie-theater chain and original meme stock reported better-than-expected fourth-quarter revenue, lifted by an improving ...
  
  MarketWatch - 26m

• Super Micro submits its overdue filings. What’s next for the server maker?

  Super Micro shares are surging in Tuesday’s late trading, though they fell sharply in the regular session.
  
  MarketWatch - 1h