Tesla's market cap sinks below $1 trillion as stock slumps more than 8%
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.
https://www.cnbc.com/2025/02/25/teslas-market-cap-sinks-below-1-trillion-as-stock-falls-more-than-9percent.htmlOpen linkView original on lemmy.world162
Comments14
Wow, now they're only worth as much as the next 10 largest auto manufacturers combined. Their market cap is completely disconnected from reality. They should not be worth 4 times as much as Toyota.
Well when they get the contract to manufacture us military personnel carriers the grift will be lucrative
I saw that headline, but then I saw this one:
GSA to shut down federal EV chargers nationwide
Isn't it going to be difficult to operate EV armored cars without chargers access to government chargers, as in, at government locations? Are these new armored EVs supposed to charge at a Tesla Supercharger in a Walmart parking lot?
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.
Inefficiency and incompetency is big money. They can fuck it all up now, and half ass fixing it later, for a premium too!
8 fucking percent from this zieg Heil mother fucker is ludicrously low.
It might be to you, but -25% over two months is typically not a great way to make money. It means to get back to where they were, they gotta climb 33% from where they are today.
damage to his companies hurts a lot of people greatly but him minimally.
Well, sales in Europe also dropped 45% https://www.theguardian.com/technology/2025/feb/25/tesla-sales-europe-elon-musk-donald-trump-afd
How the fuck does it even have a 1 trillion cap to begin with is beyond me
The owner just bought the United States
Bigger fool theory.
Oh come on, please do a huge public mental breakdown.
Self defenestration is the only answer here.