Tesla Stock Drops as EV Market Cools, Musk's Companies Face Challenges

Tesla's valuation fell recently as EV market cools down, with stock dropping 21% in October.

Tesla announced lowering growth expectations due to lower EV demand, impacting Musk's net worth.

Hertz and Ford re-evaluating EV investments, citing reduced demand for purchasing EVs.

Musk's Twitter purchase also struggling, with Fidelity marking down valuation a total of 65% over 11 months.

Comes as macroeconomic trends and unstable EV market impact Tesla and other companies.