Only in 2022 TeslaElon Musk’s successful company and benchmark when it comes to electric vehicles has been lost $622 billion in market value. December 21, the company’s shares fell 8.8%accumulating annual shrinkage 68.66%. acquisition twitter The $44 billion billionaire upset investors who accused him of being distracted from his duties.

Despite the negative results, other tech giants suffered similar losses. OUR Amazon recorded a $805 billion decrease in market value, while apple suffered a loss of $753 billion. OUR Microsoft was part of the picture, registering US$700 billion.

The implications for Musk’s company are clear: Tesla cut sales, increased inventory, and slowed deliveries. They are due to deliver 415,000 vehicles to new customers in the fourth quarter, a notch lower than expected since they had forecast 435,000 “worst case” units a few months ago. Musk explained: “as the rate of return between backed savings and unbacked stocks approaches, people will withdraw their money from the stock market, causing a decline.“.

Tesla depreciated more than bitcoin

An interesting point to highlight is that while the results in the electric vehicle sector may not have been the best, they still remain strong in the near future. Anyway, in 2022, just for comparison, Bitcoin (BTC) depreciated less than Teslaas seen in the images below:

(Loans: Google/Connected World)

Given the current scenario, a space exploration enthusiast recently stated that suspend sales of Tesla shares for at least two years. From the looks of it, the man will be more dedicated to his role in the automotive segment, and all we have to do is wait while we observe the consequences of his current decisions.

What is your opinion about the subject? Share your point of view in this post!

Tesla: Elon Musk’s company may announce $1 billion plant in Mexico in 2023
The federal authorities comment that the advertisement can be published from January; Understand

A source: twitterEstadan

…..