Musk's statement at the performance meeting was filled with his usual all-in gambler style: "This year is a year of super large capital expenditure. I am confident that everything we invest in will yield incredible returns. Perhaps the best return on capital expenditure we have ever seen.
But the ruling given by the market was cruel: share prices plummeted 14.5% in a single day, evaporating about $200 billion in market capitalization.
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