Tesla's stock drop has been bad. But this company has wiped out more investor wealth.

Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it the 11th-worst performing stock in the S&P 500 this year.

“As bank savings account interest rates, which are guaranteed, start to approach stock market returns, which are *not* guaranteed, people will increasingly move their money out of stocks into cash, thus causing stocks to drop,” Musk tweeted. On a percentage basis, all these stocks have performed worse than the full S&P 500, which has fallen 19%, excluding dividends.

The companies have different fiscal and annual period ends, but if we look at data for the past three reported quarters and compare to the same period a year earlier, here’s how the four stack up: Amazon’s stock has declined 22% since it closed at $110.96 on Oct. 27, right before it disappointed investors not only with its third-quarter results, but with its outlook: It expects to break even during the holiday quarter. Analysts polled by FactSet had previously expected a profit of more than $5 billion.

So has Disney

Who fell for the Elmo BS…?

$TSLA is showing some value for the first time. Might become a good investment soon.

My tesla stocks worth 💀

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Tesla gets downgraded on Wall Street over Elon Musk's Twitter antics, banning of journalists | CNN BusinessElon Musk’s management of Twitter, including the banning of multiple journalists, has “severely damaged” market sentiment around Tesla, and risks sparking a backlash from advertisers and consumers, a Wall Street analyst warned on Monday. elonmusk Jajajaja fake 💩 Those who speak of a country governed by the rule of law as a liberal democracy are liars.
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