Tesla loses $188 billion in value in the last quarter

According to analysts, all three companies are facing significant challenges that could threaten their long-term success. However, the losses at Tesla have been the most prominent. It was stated that the company lost $188 billion in value in one year.

IS THE "TESLA" PROJECT SINKING?

Tesla's stock price has fallen by 23 percent since the beginning of 2024, losing approximately $188 billion in market value. Investors have begun to worry about the slowing demand for electric vehicles both in China and in the global market.

Tesla's stock rose significantly over the last 5 years, but it has fallen out of the "Magnificent Seven" list, which includes the most valuable technology companies. A large portion of Musk's $208 billion fortune is tied to Tesla shares. Falling stock prices indicate that Musk will continue to suffer losses.

ELON MUSK IS NOT SMILING

Twitter, which Musk purchased for $44 billion last year, is experiencing major problems with advertising. Advertisers, who have had disputes regarding content moderation on the platform, announced that they were withdrawing. Advertising revenues fell by 54 percent in 2023, leaving Twitter in a difficult position. It is estimated that X's current value has decreased by 71 percent.

Musk's space venture, SpaceX, continues to survive through partnerships with NASA and other companies. Although it faces many lawsuits in the US, SpaceX's space program continues uninterrupted. It should also be noted that Musk wants to move the company from California to Texas.

News Source: 12punto