this post was submitted on 23 Aug 2023
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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 2 years 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 2 years 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 2 years 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 2 years ago* (last edited 2 years ago)

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