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

Economics

1065 readers
13 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 11 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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
[–] Bob_Robertson_IX@discuss.tchncs.de 8 points 11 months ago

It's almost as if the point isn't to produce anything useful, but to move money from the tax payers to the ruling class.