Posted on Jan 6, 2023
Tesla's stock lost over $700 billion in value. Elon Musk's Twitter deal didn't help
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https://www.npr.org/2023/01/06/ [login to see] /tesla-shares-elon-musk-twitter-electric-cars
For several years, the meteoric rise of Tesla stock has captivated, thrilled and mystified Wall Street. But in 2022, that meteor blazed out.
The electric-carmaker's stock lost 65% of its value in 2022. And the company kicked off the new year with yet another plunge, dropping 12% in a single day after disappointing sales figures were announced.
That's not only bad for investors. It's also bad for Tesla CEO Elon Musk, who has a big chunk of his wealth tied to the automaker and is no longer the world's richest man.
For several years, the meteoric rise of Tesla stock has captivated, thrilled and mystified Wall Street. But in 2022, that meteor blazed out.
The electric-carmaker's stock lost 65% of its value in 2022. And the company kicked off the new year with yet another plunge, dropping 12% in a single day after disappointing sales figures were announced.
That's not only bad for investors. It's also bad for Tesla CEO Elon Musk, who has a big chunk of his wealth tied to the automaker and is no longer the world's richest man.
Tesla's stock lost over $700 billion in value. Elon Musk's Twitter deal didn't help
Posted from npr.org
Tesla Motors
Stock Trading
Stock Market
Wealth
Posted 2 y ago
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