Tesla, ranked second, fell 3.63% to $22.679 billion. Tesla CEO Elon Musk denies canceling his long-standing commitment to low-cost car plans, saying Reuters is lying again. Previously, three so-called insiders told the media that Tesla had cancelled its low-cost car plan. Investors have been hoping that this car can drive Tesla's growth into a mass market car manufacturer. In addition, Musk posted on social media platform X that Tesla plans to launch an unmanned taxi (robotaxi) on August 8th.