Quote:
Originally Posted by timun
Tesla share price was $309.07 on September 19th. By October 27th it had dropped 27%, to $225.09. It closed today at $137.80, down 55% vs. Sep. 19 and 39% vs. Oct. 27.
The NASDAQ composite itself was 11,535.02 on Sep. 19. By Oct. 27 it had dropped to 10,792.67, down 6% vs. Sep. 19. It closed today at 10,547.11, down 9% vs. Sep 19 and 2% vs. Oct 27.
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Musk isn't helping anything, and while he has a unique potential to be a boost to Tesla more than the other EV companies, it seems like these 50% drops are general trend for EV companies though if looking at Lucid or Rivian during that time period.