Tesla Inc. shares fell Monday for a fifth straight session, part of a selloff that has knocked more than a quarter of a trillion dollars off the company’s market cap in a little more than a month.
Tesla has also entered its third bear market — defined as a drop of 20% or more from a recent high — in the past year, after steep selloffs in September and March 2020. Still, the electric-auto maker’s volatile shares are up more than 360% over the past 12 months. One reason is a global chip shortage that has impacted auto makers’ supply lines. In February, Tesla briefly shut down its factory in Fremont, Calif., which CEO Elon Musk blamed on a “parts shortage.” CNet reported Monday that customers buying Model 3 and Model Y vehicles face a months-long backlog for delivery.
Tesla has gain 100 G in 8 hours
The cost of a couple of Elon’s rockets?
Yes the institutional investors are destroying the market value of tech stocks for some reason. Is the real story collusion or astounding fragility of stock prices
Tesla being sector leader drags down other EVs stocks with no fault of their own. Tesla huge run up was not sustainable anyway so it had to come down. But unfortunately this due plunge of Tesla hit other stocks as well. Stay strong and long on EVs that are delivering vehicles
I wonder how long till the lawsuits come out...
I believe it’s important. They praised him like a false god when he’s about to be the straw that broke the camel’s back. He should of never purchase btc with Tesla Capital.
I knew something was up when Elon Musk brother suddenly sold $25million in shares...
trx tron does everything that Ethereum does, but there are two key differences. It's almost 0 fee unlike eth crazy gas fees + almost instant transaction. Don't believe me? Try it. $trx $tron Bitcoin btc cryptocurrency Crypto Zilliqa defi justinsuntron Tronfoundation
Has anyone started a crowdfund for Elon Musk to get him through this crisis - at least, until his stimulus check arrives?
Do you think this is what people really need right now?
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Source: Forbes - 🏆 394. / 53 Read more »