Tesla shares are down nearly 40% since the end of September
- December 14, 2022
- 0
Shares of US electric car leader Tesla have dropped nearly 40% since the end of September, while the Standard & Poor’s 500 stock index rose 12% over the
Shares of US electric car leader Tesla have dropped nearly 40% since the end of September, while the Standard & Poor’s 500 stock index rose 12% over the period.
This was reported by Ukrinform with reference to Bloomberg.
Also, Tuesday’s trading fell 6.5%, resulting in the company’s market capitalization dropping below $500 billion.
As the agency noted, the sale of shares of Tesla Inc. The pace accelerated after the electric car maker’s plans to temporarily halt production at its Shanghai plant emerged last week.
Another negative factor, which worried Tesla investors, was that Elon Musk bought Twitter and intended to focus on changing this platform.
As Ukrinform reports, the Frenchman Bernard Arnault, who owns a controlling stake in the French company LVMH, has become the richest person in the world.
According to the Bloomberg Billionaires Index, the wealth of 73-year-old Arno is estimated at $ 170.6 billion, while the fortune of 51-year-old Elon Musk is estimated at $ 163.1 billion.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
