Investors have been dumping US EV giant Tesla’s stock, sending it plunging downwards by 24% in just five weeks, Quartz News reported, making it the worst performer this year in the S&P 500.
That’s worse than crisis-hit plane-maker Boeing and online retailer Etsy, which has been laying off staff because of falling business, the report went on, with Tesla’s market plunge estimated to have erased more than $200 billion of shareholder value.
Read the full story: Quartz News
- By Sean O’Meara
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