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Tesla's market cap sinks below $1 trillion as stock slumps more than 8% (www.cnbc.com)

submitted 3 days ago by [email protected] to c/[email protected]

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KEY POINTS

Tesla shares sank 8% on Tuesday and have now lost most of their gains that followed Donald Trump’s election victory in November.
The stock has plunged 25% this year, while the Nasdaq is down just 1.5%.
Reuters reported on Monday that the company’s long-awaited upgrade of its partially automated driving system in China left owners unimpressed.

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[–] [email protected] 5 points 2 days ago (1 children)

It might be to you, but -25% over two months is typically not a great way to make money. It means to get back to where they were, they gotta climb 33% from where they are today.

[–] [email protected] -1 points 2 days ago

damage to his companies hurts a lot of people greatly but him minimally.