Tesla shares have dropped dramatically since peaking in December, and Tuesday's decline pushed the company's market cap below $1 trillion.

KEY POINTS

  • Tesla shares sank 8% on Tuesday and have now lost most of their gains that followed Donald Trump’s election victory in November.
  • The stock has plunged 25% this year, while the Nasdaq is down just 1.5%.
  • Reuters reported on Monday that the company’s long-awaited upgrade of its partially automated driving system in China left owners unimpressed.
  • peoplebeproblems@midwest.socialEnglish
    5·
    3 days ago

    It might be to you, but -25% over two months is typically not a great way to make money. It means to get back to where they were, they gotta climb 33% from where they are today.

    • crawancon@lemm.ee
      12·
      3 days ago

      damage to his companies hurts a lot of people greatly but him minimally.