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Tesla stock is about to post its worst performance ever this year

Tesla"which is headed by the famous American billionaire Elon Muskby 73 percent, from the stock’s highest level recorded in February of 2021.

Since the beginning of this year, the stock has lost about 69 percent of its value, a decline equivalent to double the decline of the index "Nasdaq".

Since its shares went public in 2010, the shares of "Tesla" Only an annual decline, down 11% in 2016.

Elon Musk had sold much of 22 million shares "Tesla"worth $3.6 billion at the seventh time this year.

Musk said in December that he will not sell any of his shares in the next 18 months to two years.

Musk believes that the reason for the decline in shares "Tesla" this is federal of the United States It raises interest rates, which means that investors will convert part of their stock holdings into cash, causing these stocks to decline.

And this December I lost "Tesla" About 44 percent of its value, which is the company’s worst monthly performance ever.

In the fourth quarter of this year, the company’s stock declined by about 59%, which also means that the stock’s performance in the current quarter is the worst ever.

In pre-trade transactions, the stock was up 1.33% on Wednesday.

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The company’s shares declinedTesla“, which is headed by the famous American billionaire Elon Muskby 73 percent, from the stock’s highest level recorded in February of 2021.

Since the beginning of this year, the stock has lost about 69 percent of its value, which is a decline of double the decline witnessed by the index.Nasdaq“.

Since its shares went public in 2010, Tesla’s shares have seen only one annual decline, having dropped 11% in 2016.

Elon Musk had sold a large part of 22 million shares of “Tesla”, worth 3.6 billion dollars, on the seventh of this year.

Musk said in December that he will not sell any of his shares in the next 18 months to two years.

Musk believes that the reason for the decline in “Tesla” shares is this federal of the United States It raises interest rates, which means that investors will convert part of their stock holdings into cash, causing these stocks to decline.

And this December, Tesla lost about 44 percent of its value, which is the company’s stock’s worst monthly performance ever.

In the fourth quarter of this year, the company’s stock declined by about 59%, which also means that the stock’s performance in the current quarter is the worst ever.

In pre-trade transactions, the stock was up 1.33% on Wednesday.

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