The Elon Musk-led EV maker's shares fell as much as 7.7% to $101.81 on Friday, putting them on pace to close at their lowest level since August 2020. Tesla's market capitalization dipped to around $321 billion, dropping below Meta's roughly $334 billion, before paring losses.
Though mega-cap tech firms, key drivers of the prior Wall Street bull market, struggled last year as they bore the brunt of rising interest rates and lower investor appetite for risky investments, Tesla's decline still stands out. The company finished 2022 at the very bottom of the NYSE FANG+ Index, a gauge often tech behemoths, including names like Meta, Apple Inc., Microsoft Corp. and Amazon.com Inc.
Diese Geschichte stammt aus der January 07, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der January 07, 2023-Ausgabe von Mint Mumbai.
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