Tesla Stock, when lost, was one of the best technology stocks of all time. Still, recently the has been a very big downfall in the stocks of the company of a long mask as he has not focused on the technology company in the past few years and has been very busy with SpaceX launching his Mars mission very soon. Recently it was released that the stock of Tesla had gone down with an 11% rating on the 27th of December 2022, and the stock has also surpassed the stock of meta and has become the worst-performing technical stock of 2022, which is the recognition a company does not want to have. As the investors feared, more than half of the company’s value was lost after October.
Tesla Stock slumps 11%
Tesla Stock has recently gone down with an 11% rating on the 27th of December 2022, and the performance of the stock has directly won very badly since early October 2022, and it has lost nearly half of its value within these few months. The company’s investors have stated that the company’s chief executive officer Elon Musk has been very worried about investing in Twitter, and his handling that part and the electric car market is in Chaos with Elon Musk not taking part in the company. He is also very busy with his space mission which is going to be held in 2024, and that is the reason why the tesla is something which has gone down recently.
Tesla Stock surpasses meta
Before the 27th of December 2022, meta was the worst-performing technical stock 2022. Still, after the release of the 11% rating of the tesla stock on Tuesday, 2022, it is stated that the stock of Tesla has become the worst-performing technical stock of 2022, and this will be the rating that will continue with the electric cars company. Both these companies have been very great performing companies. They have been one of the best creators in the world, so as these companies have gone down with the ratings of their stock, the chief executive officers of both these companies will look forward to bouncing back with the new stock within 2023 itself.
Tesla Stock worst-performing tech stock of 2022
Tesla stock has been the worst-performing technical stock of 2022 since October 2022 itself, and the company started losing its value. Within three months, the company lost more than half its entire value, which it had earned until these years. The investors in the tesla stock company directly mentioned that as the chief executive officer Elon Musk is not focused on the tesla company in the present situation and is directly looking forward to launching his space mission in 2024 and is also very busy handling Twitter, is the reason for which the company is not having a proper head to control all these problems which are causing its downfall regularly.
Other essential details of the market
After the coronavirus entered the world, the market of Tesla stock became very high as people initiated that electric cars would be something which would dominate the market and would create a great impact. As electric cars became one of the best things in the world, people started initiating their electric cars market, which was why the tesla stock kept deteriorating within the initial stages of the Other companies started growing their market. Recently the market of Tesla stock has been very less, and the value which reduces the company has also become very less. The company’s chief executive officer will soon look forward to gaining back their value, as being the worst technical stock of 2022 is not a great achievement.