In the worst year for stocks since the Great Recession, several big names suffered their worst year on record in 2022.
Tesla Inc. TSLA, +1.12% had the worst year among the group of S&P 1500 constituents with a market capitalization of $30 billion or higher headed for record annual percentage declines. Tesla shares declined 65% so far this year, easily the worst year on record for the popular stock, which has only had one previous negative year since going public in 2010, an 11% decline in 2016.
Only one other stock contended with Tesla and Meta’s record declines this year, and Tesla CEO Elon Musk has some familiarity with that company as well. PayPal Holdings Inc. PYPL, +0.94%, where Musk first found fame during the dot-com boom, declined 62.2% as executives refocused the company on attracting and retaining high-value users instead of trying to get as many users as possible on the payments platform.
Two stocks made the list on the last day of trading of the year, after this story was originally published. Keurig Dr Pepper Inc. narrowly pushed past 2016 for the worst on record, though it only fell 3.3% on the year. Keysight Technologies Inc. KEYS, -0.66% fell in Friday’s session for a 17.2% annual decline, narrowly pushing past 2015 for its worst year on record.
Y'all voted for this shit in 2020 and 2022
Elon wants to own you—just don’t buy a Tesla