May 11, 2025
Trending News

Tesla lost $220 billion in value in a month despite the explosion in electric car sales: but why?

  • January 28, 2024
  • 0

Tesla has been around for a while in the US stock market It is the worst performing company in the top 100 stocks. While some investors and financiers

Tesla lost 0 billion in value in a month despite the explosion in electric car sales: but why?

Tesla has been around for a while in the US stock market It is the worst performing company in the top 100 stocks. While some investors and financiers are hopeful about Tesla, the company’s shares have lost 30% of their value in the past month due to the company’s slowing growth and declining profitability.

In the process, the company’s value dropped from $744 billion to $521 billion. So the company More than 220 billion dollars has lost value. To give an example for comparison, this figure is more than three times the total value of Anadolu Group.

Why are Tesla shares falling lower and lower?

tesla

Tesla in 2023 compared to the year before 38% more cars sold, total turnover 1.8 million vehicles reaches. According to a Wall Street analysis, the company will sell 17% more vehicles this year. Model Y, the most preferred car in the car market, also falls under the Tesla umbrella. So from this perspective, the decline in the company’s shares makes little sense.

On the other hand, the company’s profitability remains below previous periods. Recently the company While the figures for 2023 are being announced The expectations for this year were also shared. Tesla had asked investors to expect “noticeably lower growth” this year. After this announcement, shares of the company a decrease of 12% have lived. Since the announced figures were already below the expected level, Tesla shares began to experience a serious decline.

Tesla’s future is a topic of discussion among investors

Elon Musk

Some investment experts believe that Tesla is the market leader Elon Musk’s He believes the company will somehow change its direction upwards. Some experts argue that Tesla’s ability to offer competitive prices with its structural innovation power is the driving force of the company, but it is not possible to maintain this strength in the car market for a very long time. Do you think Tesla shares will recover?

Source: Web Tekno

Leave a Reply

Your email address will not be published. Required fields are marked *