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Tesla's stock has taken a significant hit in recent months, plummeting over 50% since December and causing the company to lose a staggering $800 billion in market value. This decline has been attributed to a confluence of factors, including weak vehicle deliveries, Musk's controversial involvement in government, and growing concerns among investors about his ability to effectively manage both Tesla and his other ventures.

Tesla's stock has taken a significant hit this year, dropping 53% and causing many retail investors to offload their shares. This exodus is fueled by concerns surrounding CEO Elon Musk's controversial personality and political involvement, product recalls, and the uncertain future of the company's autonomous driving technology.

Elon Musk is taking legal action against former Representative Jamaal Bowman for defamatory remarks made on CNN, where Bowman referred to Musk as a "Nazi" and a "thief." This lawsuit marks a significant escalation in the ongoing public discourse surrounding Musk's role in the Trump administration, with the outcome potentially setting a precedent for how public figures respond to defamatory remarks in the future.

Toyota subsidiary Hino Motors pleaded guilty to manipulating emissions data and selling over 105,000 non-compliant diesel engines in the U.S., resulting in a $1.6 billion penalty. The company will pay a $521.76 million criminal fine, serve five years of probation, and implement a compliance program.

The stock market experienced a turbulent week, with several large-cap stocks taking a significant hit. KE Holdings, Reddit, Incyte Corporation, XPeng Inc., Nucor Corporation, Booz Allen Hamilton Holding Corporation, Futu Holdings, and Micron Technology, Inc. were among the worst performers, with their share prices declining due to various factors such as analyst downgrades, missed earnings expectations, and economic uncertainty.