On Tuesday, during trading, Tesla’s shares fell as much as 6.5%, as a result of which the company’s market value fell below $500 billion.
Shares of American electric car manufacturer Tesla fell 4.1% in the past day, and have fallen nearly 40% since September. Bloomberg reported this the other day.
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Tesla stock fell 6.5% during trading on Tuesday, pushing the company’s market value below the $500 billion mark.
At the same time, since the end of September, the price of Tesla securities has fallen by almost 40%, while the Standard & Poor’s 500 stock index has added 12% during this period.
It is indicated that Tesla CEO Elon Musk’s purchase of the Twitter social network, as well as recent reports of the company’s intention to suspend Model Y and Model 3 production at the Shanghai plant from late December to early January, are became a negative factor. for stock.
Since the start of 2022, Tesla shares have fallen 54%. At the same time, the collapse of quotations of securities of competing Rivian Automotive Inc. and Lucid Group Inc. are more significant – respectively 76% and 79%.
It was previously reported that Tesla is recalling 80,000 electric vehicles in China. This is due to problems with the software and seat belts.
Musk showed the next generation of Tesla trucks
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.