It is reported that the value of Tesla shares has continued to fall for five consecutive trading sessions. During these sessions, the value of the company’s shares has decreased by 21%.
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Tesla’s securities reached their highest price level on January 26, when the value of the company led by Ilona Mask reached almost $ 850 billion. Since then, Tesla’s market value has fallen by more than $ 270 billion.
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Despite the declining trend in the company’s share value, the increase in value over the last 12 months still looks impressive – the value of Tesla shares has increased more than 4.6 times since March last year.
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Tesla is not the only electric car manufacturer to experience a decline in market value. For example, Nio Inc. and “Nikola Corp.” lost 38% of the value of shares in the last month, but Li Auto Inc. – 30%.
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It should be noted that in early February, the head of Tesla, Ilon Mask, admitted that the electric cars produced by his company have quality problems. This news is one of the negative factors that has caused the value of shares to fall significantly.
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