Worst Time for Tesla. Is Elon Musk Making the Biggest Mistake in His Life?

 


Original Content- Business Upside 

The stock of Tesla recently closed 11% on Tuesday as the sell-off accelerated. The worst-performing share among the highest-valued tech firms in 2022 will be Elon Musk’s electro-car company, which is just days away from finishing its worst month, quarter, and year ever. The stock has passed Meta. Tesla share price plunge knocks market. Tesla’s Tuesday closing price was $109.10.

Nasdaq – Tesla

The Wall Street Journal stated that Tesla might extend a week-long business shutdown at its Shanghai factory. It is due to a recent influx of Covid among its Chinese staff, which is why the stock price has recently dropped and Tesla share price plunge knocks off the market. Tesla’s Shanghai facility will reopen in January for just 17 days, breaking its usual schedule. Since reaching a historical level in November 2021, Tesla stock has dropped by 73%. In 2022, Tesla stock crash by 69%, which is more than two times as much as the NASDAQ. Ford is dropped by 46%, and General Motors is down by 43% among the big automakers.

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