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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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[-] InternetUser2012@midwest.social 9 points 1 year ago

Who would have thought your brand would tank if you go full send on being a absolute douche bag. Almost like there is consequences for you actions... Something these ultra rich assholes never face.

[-] trackcharlie@lemmynsfw.com 9 points 1 year ago

It might face a bumpy road but the reality is the core reason for the drop is the amount of stock musk has sold to cover his idiotic decisions recently

[-] scarabic@lemmy.world 5 points 1 year ago

200 b-b-b-b-billion…!

[-] bernieecclestoned@sh.itjust.works 5 points 1 year ago

Still up 1,000% over 5 years...plenty of room to fall

[-] Mysteriousbedroom2@lemmynsfw.com 4 points 1 year ago

Where's my cybertruck already?!?!

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this post was submitted on 23 Aug 2023

649 points (97.0% liked)

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