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Tesla's market cap sinks below $1 trillion as stock slumps more than 8% (www.cnbc.com)
submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world
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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.
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[-] Bob_Robertson_IX@discuss.tchncs.de 8 points 3 weeks 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.

this post was submitted on 25 Feb 2025
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Economics

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