Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

  • Kit
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    1 year ago

    To put this in perspective, Tesla’s stock price has still more than doubled since the beginning of the year. They’re doing just fine.

    The past few weeks have been rough across the market. I suspect the reemergence of COVID has played a factor.

    • Kecessa@sh.itjust.works
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      1 year ago

      How about since their ATH?

      Oh… It’s at a 43% bargain.

      52 weeks high? Yep, still a bargain!

      Nah, they’re not doing fine.

    • Coreidan@lemmy.world
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      1 year ago

      Anyone who actually follows the market knows it doesn’t follow logic and doesn’t actually represent the health of the company or the economy.