Tesla shares tumble below $150 per share, giving up all gains made over the past year
Release time：2024-04-19 09:53:59 Source：World Wander news portal
Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.
Shares in the Elon Musk-owned company slid nearly 4% in intraday trading Thursday, in what now stands as the third worst week for the stock in 2024, a year that has been dismal for Tesla investors. The Austin, Texas company’s shares are down 12.4% this week and more than 39% this year.
Shares of Tesla Inc. last traded at the $150 level in January 2023.
It’s also been a bad year for employees. Tesla said Monday that it was cutting 10% of its staff globally, about 14,000 jobs. The next day, Tesla announced it would try to re-instate Musk’s $56 billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
Related articles
- Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
- China's 1st domestically made polar icebreaker Xuelong 2 visits HKSAR
- Xi Congratulates Tamas Sulyok on Election as Hungarian President
- Hong Kong holds digital economy summit, eyes sustainable future
- FIFA plans to add slew of new committees years after cutting them in anti
- Xi extends condolences over death of Namibia's Geingob
- Zambian bank hails Chinese investment contribution to economic development
- Xi Focus: Xi stresses healthy, high
- A Nigerian schoolgirl abducted by extremists 10 years ago is rescued pregnant and with 3 kids
- Fourth Volume of 'Xi Jinping: The Governance of China' Published in Ethnic
- Meta's newest AI model beats some peers. But its amped
- Macao's electoral affairs commission for chief executive election takes office
- China completes major tasks in three
- Huawei offers robotics training at student fair in Kenya
- As Kansas City Chiefs star Patrick Mahomes insists his 'dad bod' is 'great' for his NFL performance
- Xi Replies to Letter from Iowa's Muscatine High School Students
- Hong Kong holds digital economy summit, eyes sustainable future
- Xinhua Commentary: World benefits from greater China
- Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
- President Xi Jinping's Letter Presented to American Students
Random recommendation
- Copyright © 2024 Powered by Tesla shares tumble below $150 per share, giving up all gains made over the past year ,World Wander news portal sitemap