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Tesla's Market Cap has fallen below 1 trillion USD, and Musk's net worth has decreased by 52 billion this year.
Tesla's stock price plummeted more than 8% on Tuesday, with its Market Cap falling below 1 trillion dollars, reaching the lowest level since November 7 (two days after Trump won the election). So far this year, the stock has dropped 25%, more than 35% from the record closing price on December 16, while the Nasdaq Index has only declined 1.5% this year. Tesla CEO Elon Musk's net worth has shrunk by over 52 billion dollars since the beginning of the year, although he remains the richest person in the world, with a current wealth value of about 380 billion dollars. Reports on Tuesday indicated that Tesla's long-awaited partial self-driving system upgrade left owners feeling...
The Bloomberg Technology Index of the seven giants has entered a correction, with Tesla being the biggest drag.
The seven largest companies that provided the majority of the gains for the S&P 500 Index over the past two years have not had a good start in 2025 — their stock prices have plummeted into a correction area, with a total Market Cap loss of about 1.4 trillion dollars. The equal-weighted Bloomberg Technology Index of these giants, comprising Apple, NVIDIA, Microsoft, Alphabet Inc., Amazon, Meta Platforms Inc., and Tesla, has dropped about 10% from its peak in December, entering a correction. During this period, Tesla, led by Musk, has been the biggest drag on the index, followed by Microsoft and Alphabet. Although this electric car manufacturer...
BYD to Launch Atto 2 Compact SUV in France, Starting at $30,440
BYD will launch an electric compact SUV in France, with a starting price of 28,990 euros.
Media reports quoting the person in charge of BYD's sales network in France indicate that BYD's new electric compact SUV named Atto 2 will be launched in France, with a starting price of €28,990.
Express News | Byd’s Future Plant in Hungary Will Be Its First Plant in Europe, but Not the Only One -Special Adviser
Express News | Chinese Carmaker BYD Says It Will Launch Its New Electric Compact SUV in France at Starting Price of 28,990 Euros
目标不工作 : If what you said is true, then it's not just cars that are returning to their value; the entire Exchange Rates system would face issues, because the US dollar, especially the euro, shouldn't be so much more expensive than the Chinese yuan (Commodity prices influence).
PhotoSynth OP 目标不工作 : Agreed…… the dollar is sooner than later going to take one hell of a whack !
MooBoi123 : Similarly, will Tesla cars still be freely available to be sold in China?