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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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[–] Kit@lemmy.blahaj.zone 13 points 1 year ago (3 children)

To put this in perspective, Tesla's stock price has still more than doubled since the beginning of the year. They're doing just fine.

The past few weeks have been rough across the market. I suspect the reemergence of COVID has played a factor.

[–] Kecessa@sh.itjust.works 6 points 1 year ago

How about since their ATH?

Oh... It's at a 43% bargain.

52 weeks high? Yep, still a bargain!

Nah, they're not doing fine.

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

Apparently not since the big investors are getting out/reducing investment.

[–] Coreidan@lemmy.world 2 points 1 year ago

Anyone who actually follows the market knows it doesn’t follow logic and doesn’t actually represent the health of the company or the economy.