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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[-] TWeaK@lemm.ee 37 points 1 year ago

Elon Musk financed about $20bn into the Twitter purchase by selling Tesla stock.

[-] kameecoding@lemmy.world 15 points 1 year ago

despite the 200b drop in tesla, those 20bn probably still would be worth more than the Twitter stocks he owns now.

[-] TWeaK@lemm.ee 10 points 1 year ago

Twitter is a money pit circling the drain.

[-] n3m37h@lemmy.dbzer0.com 7 points 1 year ago

I'm pretty sure that dumpster fire is already part way into the drain but just doesn't know it yet

this post was submitted on 23 Aug 2023

649 points (97.0% liked)

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