Tesla stock suffers double-digit drop on carmaker’s worst day in years

Tesla shares tumbled thirteen point five percent on Thursday in one of the stock's steepest single-day declines on record. The Guardian reports that the sharp selloff follows the company's disclosure of weak profits alongside significant capital spending on artificial intelligence and robotics initiatives. The slide caps a rough year for Elon Musk's automaker, which has shed roughly twenty-seven percent of its market value as investors grow anxious about ballooning spending and profit shortfalls.

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