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Tesla's market cap sinks below $1 trillion as stock slumps more than 8% (www.cnbc.com)

submitted 6 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

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KEY POINTS

Tesla shares sank 8% on Tuesday and have now lost most of their gains that followed Donald Trump’s election victory in November.
The stock has plunged 25% this year, while the Nasdaq is down just 1.5%.
Reuters reported on Monday that the company’s long-awaited upgrade of its partially automated driving system in China left owners unimpressed.

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[–] crawancon@lemm.ee 26 points 6 days ago (2 children)

8 fucking percent from this zieg Heil mother fucker is ludicrously low.

[–] peoplebeproblems@midwest.social 5 points 6 days ago (1 children)

It might be to you, but -25% over two months is typically not a great way to make money. It means to get back to where they were, they gotta climb 33% from where they are today.

[–] crawancon@lemm.ee -1 points 6 days ago

damage to his companies hurts a lot of people greatly but him minimally.