Shares of Tesla are down 68 percent for the year, although yesterday the share closed with a 3.3 percent gain. The exchange rate fell by 42% in December alone, presumably because of this during his stock market career
the electric-car maker’s share could end the worst month, quarter or year.
Musk partly is increase in interest rates blamed for the drop in Tesla’s stock price, but critics a For shopping on Twitter are also fondly pointed out as the real underlying reasons, thanks to which already this year the company’s market capitalization decreased by approximately $675 billion.
In a year-end email, Musk thanked Tesla employees for their hard work in 2022 and encouraged them to continue working hard to finish a strong fourth quarter, asking them to “volunteer to help“in delivering cars to customers before midnight on Dec. 31 if possible. He also told staff that Tesla”must continue to show excellent performance“, and that
in the long run, I strongly believe that Tesla will be the most valuable company on Earth!
In the last few days of most quarters, Tesla invites employees from all divisions of the company to help deliver new cars with the goal of meeting or exceeding delivery goals. The company a 50% annual increase in vehicle deliveries he set himself as a goal, but Musk has previously warned investors that this goal may not be met every year.
Cover photo: Taylor Hill/Getty Images
