Tesla Now Worth $110 Billion Less Than Weight Loss Drug Maker Eli Lilly

ToplineOut with electric vehicles, in with weight loss drugs: Investors have ditched one-time favorite Tesla for pharmaceutical giant Eli Lilly, as the early days of long-established Eli Lilly’s diabetes and weight loss drugs deliver explosive profits.Tesla's new Cybertruck at a Shanghai showroom.Future Publishing via Getty Images Key FactsTesla’s market value is down roughly $210 billion (27%) over the first five weeks of 2024 from $790 billion to about $580 billion, while Eli Lilly’s market capitalization ...