The cost of Tesla fell by a third in a month

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The cost of Tesla fell by a third in a month

11.03.2021 News

Since the beginning of February, the market value of the American electric car manufacturer Tesla Inc. decreased by 34%.

So, before the stock quote Tesla Inc. decreased following the fifth trading session in a row, losing a total of 21% during this period.

The price of Tesla securities peaked on January 26, when the capitalization rose to almost $ 850 billion. Since then, it has decreased by $ 277 billion.

Despite the third “bearish” trend in a year (when the decline in quotations exceeds 20%), over the past 12 months, Tesla’s stock price has jumped more than 4.6 times.

Other electric car manufacturers also fell in price: Nio Inc. over the past month fell by 38%, Nikola Corp. – by 38% and Li Auto Inc. – 30%.

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