Monday, May 23, 2022
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Tesla shares fell after takeoff, Elon Musk lost $ 12 billion in a day

Tesla shares have corrected after the rapid growth associated with the publication of an excellent financial report. They cost more than $ 1,200 at no peak, but closed at $ 1,149.

As a result, the exchange rate decreased by about 4% per day, but over the last month they increased by 14%. The company has a market capitalization of $ 1.15 trillion. The company is still worth more than any other car manufacturer.

According to the updated Bloomberg billionaire ranking, the founder of SpaceX and Tesla, Elon Musk, lost $ 12 billion in a day, and his fortune is today $ 292 billion. Recall just a day ago, his fortune again exceeded $ 300 billion but the Tesla stock price adjustment did the trick.

Tesla shares continue to be attractive for investments, but not every specialist will undertake to call them reliable. After all, the course strongly depends on what Elon Musk writes on his Twitter page. Suffice it to recall how Musk announced support for various cryptocurrencies, which caused an increase in the rate of not only these currencies, but also Tesla shares.

However, according to the latest data, Ford Motor’s share price rose nearly 140% last year. This has allowed Ford to outpace Tesla, General Motors and many new companies, setting a record for stock profitability in 2021.

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