this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] TWeaK@lemm.ee 34 points 1 year ago (3 children)

Elon Musk financed about $20bn into the Twitter purchase by selling Tesla stock.

[–] kameecoding@lemmy.world 15 points 1 year ago (2 children)

despite the 200b drop in tesla, those 20bn probably still would be worth more than the Twitter stocks he owns now.

[–] TWeaK@lemm.ee 10 points 1 year ago (1 children)

Twitter is a money pit circling the drain.

[–] n3m37h@lemmy.dbzer0.com 7 points 1 year ago

I'm pretty sure that dumpster fire is already part way into the drain but just doesn't know it yet