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 in 2022.
If we look at declines in market capitalization — the value of companies’ common-shares outstanding — Tesla TSLA, +0.34% has been the fourth worst-performing stock in the benchmark S&P 500 this year, as of 1 p.m. ET on Dec. 21: Apple Inc. AAPL, +2.39% and Microsoft Corp. MSFT, +1.09% have also suffered larger market-cap declines than Tesla, by virtue of their sheer size.
The incredible growth of Amazon’s cloud business has stalled and disappointed the expectations the company had nurtured on Wall Street. The Amazon Web Services business is facing increasing competition from the likes of Microsoft and its customers are pulling back. Meanwhile, retail sales have also come in weak going into the Christmas and holiday season.
This has been a year of significant declines for shares of giant tech-oriented companies, especially those that had traded at lofty price-to-earnings valuations — that group includes Amazon and Tesla. In fact, these companies have given up all their pandemic era gains int he stock market.
Honest Question: Marketwatch has their 'Health Editor' writing 'Tesla Bad' articles. Now they have this guy writing 'Tesla Bad' articles. At the same time other media orgs are writing 'Tesla Bad' articles. Question: At what point does a 'journalist ' become a propagandist?
I hear it's just a little gas...
Despite?
Seems like the dog was right on this theme profgalloway karaswisher
This might be the only account with 4.4 million followers that averages about 3 likes a tweet. 🤔