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- Jan 30, 2024
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There was no loss after the Tesla blew up near the Trump hotel. However the week of Trump's January 20 Inauguration, Musk did a Nazi salute type of gesture. By January 26 "Bam!" $210 Billion capitalization loss.
I take it DEI out and racist Nazi salutes in... did not sit well with foreign investors.
LondonCNN —
Shares in Tesla plunged 12% Thursday, wiping $80 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals.
Tesla’s stock suffered its worst day in 21 months and closed at its lowest level since December 2022. Since the start of 2024, the company’s market capitalization has fallen by $210 billion.
In an earnings presentation Wednesday, the world’s most valuable automaker said its sales growth this year “may be notably lower” than last as it continued developing the “next-generation” vehicle, likely a lower-priced model.
I take it DEI out and racist Nazi salutes in... did not sit well with foreign investors.
Tesla share plunge wipes out $80 billion in market value, after dour earnings call
Updated 4:44 AM EST, Fri January 26, 2024LondonCNN —
Shares in Tesla plunged 12% Thursday, wiping $80 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals.
Tesla’s stock suffered its worst day in 21 months and closed at its lowest level since December 2022. Since the start of 2024, the company’s market capitalization has fallen by $210 billion.
In an earnings presentation Wednesday, the world’s most valuable automaker said its sales growth this year “may be notably lower” than last as it continued developing the “next-generation” vehicle, likely a lower-priced model.