Deflating The Bubble: Tesla’s Market Cap Is Silently Imploding ...Middle East

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Deflating The Bubble: Tesla’s Market Cap Is Silently Imploding
source : OILPRICE ( Middle East ) () 16
Tesla’s year went from bad to worse on Tuesday, when the company’s battered share price dropped another 8 percent, bringing it down to a new 52-week low. Still the world’s most valuable car maker, Tesla’s market cap now amounts to $435 billion, down 65 percent from its peak on January 3, 2022, when the electric car maker was valued at more than $1.2 trillion. Shockingly, Tesla’s drop in market capitalization, roughly $800 billion from its peak, is bigger than the combined valuation of pretty much any legacy car manufacturer…

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