Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
The electric car company is facing intensifying competition, supply chain disruptions and concerns about the behavior of Elon Musk.
Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.
Mr. Musk is testifying in a lawsuit filed by investors who claim that his statements about a plan to take Tesla private in 2018 caused them to lose billions of dollars.
The chief executive of Tesla testified in a federal civil trial about a 2018 plan to take the automaker private that fizzled out.
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.
Investors blame Elon Musk and wonder how much more the stock will fall.
As Elon Musk’s politics turn off potential customers, many rival vehicles are coming to market.
The maker of electric cars faces sharp competition, plummeting shares and production woes while its chief executive is preoccupied with Twitter.