Key Points
The company has lost more than $94 billion in market valuation in just the first two weeks of 2024..
The hit to Teslas market capitalization to start the year is the biggest the company has seen over a similar period since it went public in 2010..
In percentage terms, Teslas 12% drop since the start of January is the worst since 2016, when the stock fell 14% over the first nine trading days of the year...
He also owns about 42% of SpaceX, which is valued at about $53 billion, according to Bloombergs wealth index.. With all that being said, Tesla remains a key player in the global transition from gas-powered vehicles to largely electric ones..
The only problem is Tesla has been promising this for years, and most experts say the technology is still years, maybe even decades, away.. Tesla has not been able to deliver on fully autonomous driving and AI promises, which are already embedded in the valuation, Spears Delevska said..
You might be interested in
Tesla's plans for India: May set up factory, make new car for developing nations
13, Jan, 24Tesla is reportedly in advanced talks to enter the Indian market and may invest nearly $30 billion over the next five years. | Latest News India
No one can be stopped from leaving for better incentives: TCS boss Krithivasan
14, Jan, 24“Why don’t senior executives leave TCS? Because we ensure that there is a long-term value we offer,” says the IT major's CEO