Tesla's bleak margins sink shares as Musk hypes everything but cars

Tesla's shares fell 12%, wiping out $100 billion in stock value. CEO Elon Musk's talk on future products couldn’t ease investors' concerns over shrinking profit margins and missed earnings estimates. Tesla's EV deliveries dropped for two consecutive quarters, forcing price cuts. Analysts doubt Tesla's ability to deploy robotaxis soon. Its market value has fallen significantly from its peak in 2021.