Billionaire entrepreneur Elon Musk's growth story is looking more like a fable as Tesla enters survival mode. Since then, Tesla's stock price has dropped around 19.5 per cent, vapourising US$8.8 billion ($13.5 billion) in market value. AP There are questions swirling about the state of the finances of Elon Musk and Tesla. Last Friday, Tesla's stock price dropped below US$200 a share for the first time since December 2016. In the past such products, like the Tesla semi, while derided by critics as vehicular vapourware, have managed to boost the stock price.

Source: Stuff May 22, 2019 01:07 UTC