Tesla's Stock Loses 12% of Its Value in a Single Day

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Tesla was valued at an incredible $1.2 trillion, which is more than most of all the other car companies in the world put together. It's lost three quarters of that value over the course of the last year and 40% since mid-January. And that's wiped out 200 billion of Elon Musk's fortunes in the process.

In a scene reminiscent of the US Capitol riot two years ago, supporters of Brazil’s defeated president rampaged through government buildings yesterday. Our Brazil correspondent surveys the damage. We explain why Tesla’s share price has plummeted, and why an Italian film has been remade in more than 20 countries in the past six years. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer