this post was submitted on 25 Feb 2025
162 points (98.8% liked)

Economics

760 readers
271 users here now

founded 2 years ago
162
Tesla's market cap sinks below $1 trillion as stock slumps more than 8% (www.cnbc.com)
submitted 2 months ago by [email protected] to c/[email protected]
14 comments fedilink hide all child comments
 

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.
you are viewing a single comment's thread
view the rest of the comments
[–] Pk_thunder 15 points 2 months ago (2 children)

How the fuck does it even have a 1 trillion cap to begin with is beyond me

[–] [email protected] 15 points 2 months ago

The owner just bought the United States

[–] jaemo 6 points 2 months ago

Bigger fool theory.