Swatch has removed an ad featuring a model making a controversial gesture after facing accusations of racism on Chinese social media. Despite the apology, calls for a boycott persist, highlighting the brand's struggles in a key market.
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In a stunning turn of events, Tesla has lost nearly 49% of its market cap in just months, driven by sagging sales and controversies surrounding CEO Elon Musk. Analysts are drawing parallels to unprecedented declines in the automotive industry.
