Connect with us

Business

Tesla stock tumbles, Elon Musk no longer world’s richest person – CarAdvice

The value of Tesla stock has fallen more than 20 per cent since January, relegating CEO Elon Musk to second place on the international rich list. On 8 January 2020…

Published

on

Article feature image

The value of Tesla stock has fallen more than 20 per cent since January, relegating CEO Elon Musk to second place on the international rich list.
On 8 January 2020 – less than two months ago – shares in the electric vehicle manufacturer were valued at an all-time high of US$880.02 (AU$1108). However, by February 23 that price had fallen 20.68 per cent to US$698.84 (AU$879.88).
This week alone Tesla experienced a retraction of 12.5 per cent, wiping approximately US$70 billion (AU$88 billion) from…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

‘Catalyst for change’: The $60m plan to save Oxford Street – Sydney Morning Herald
Article feature image
Tea sold at Aldi recalled after contamination with chemical – NEWS.com.au