Tesla shares lose $26 billion in one day

US indices remained on track to achieve monthly, quarterly and annual gains supported by strong bets on interest rate cuts next year.‎

Tesla shares declined in Thursday’s session by more than 3%, falling from its highest levels in about two months, causing the company to lose about $26 billion of its market value in one day.

These losses came in conjunction with a report on the challenges that the company will face in the coming year, with an increase in regulatory scrutiny of self-driving systems and other parts in the United States and in some European countries.

Investors also expect Tesla’s margins to remain under pressure as the company increases production of the Cybertruck and prepares to launch a cheaper vehicle platform.