Home » Tesla loses $ 244 billion in market value in one month

Tesla loses $ 244 billion in market value in one month

by alex

The reason is, among other things, a wave of sales in high-tech stocks.

The market value of the electric car manufacturer Tesla has shrunk significantly. Over the past month, Tesla's market capitalization fell by over $ 244 billion. On Monday, the share also dropped for the fifth session in a row.

The reason is, among other things, a wave of sales in high-tech stocks. Investors quickly drove the Tesla paper from $ 40 to $ 900, an analyst said. The crash happened just as hastily.

Longer downward correction

The downside correction could take longer than other high-tech stocks as private investors sold more slowly than institutional investors.

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