Tesla's value drops below $1 trillion

Tesla , owned by US billionaire Elon Musk , lost 9 percent of its stock yesterday, falling to $302.8. With the decline in its shares, Tesla's market value fell below $1 trillion. Thus, Tesla ranked 10th among the world's most valuable companies with a market value of $973.96 billion. Tesla sold fewer than 10,000 cars in Europe last month, a 45 percent decrease from a year ago.