Tesla shares drop $145bn in value on concerns for demand for electric cars   

EV giant has dialled back growth expectations

The retreat in Tesla's shares has erased about $145bn (€137bn) from the company’s market capitalisation.

Tesla shares are set to wipe out nearly one-fifth of their value in less than two weeks amid growing concerns that demand for electric cars is starting to weaken.

The selloff started earlier this month when the electric-vehicle giant dialled back growth expectations during its third-quarter earnings call.