Tesla Sinks 50% From November Record High as Troubles Pile Up

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Tesla Sinks 50% From November Record High as Troubles Pile Up

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15-10-2022, 02:00 PM

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Tesla Sinks 50% From November Record High as Troubles Pile Up

An honorable member of the Coffee Shop Has Just Posted the Following:

(Bloomberg) -- Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard.

The electric vehicle-maker’s shares closed down 7.6% to $204.99 on Friday, taking its market capitalization to $642 billion. The decline has now sliced in half the stock’s Nov. 4 record closing high of $409.97.

The plunge comes amid a wider meltdown in the markets, as the specter of an economic...

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