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Tesla Stock Sinks To Near 12-Month Low As Market Value Falls Below $500 Billion

Posted on AllSides April 16th, 2024
From The Center

Tesla shares stumbled again Tuesday, accelerating their dire start to 2024 as one notable analyst questioned whether investors attracted to Tesla’s bread-and-butter car business will soon “throw in the towel.” Tesla’s stock sank 4% shortly after market open, hitting its lowest intraday level since April 27, 2023 at $154 per share. With shares down 38% this year, Tesla’s market capitalization has tumbled from $790 billion to about $490 billion, a far cry from its late 2021 peak of over $1 trillion and moving against broader gains. Tesla’s share price has...

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https://forbes.com/sites/dereksaul/2024/04/16/tesla-stock-sinks-to-near-12-month-low-as-market-value-falls-below-500-billion

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