Home » Musk’s words and investors panicked Tesla’s 1.3 trillion market capitalization in 2 days and disappeared-Elon Musk, stocks, Tesla-fast technology (media under the drive house)-technology changes the future

Musk’s words and investors panicked Tesla’s 1.3 trillion market capitalization in 2 days and disappeared-Elon Musk, stocks, Tesla-fast technology (media under the drive house)-technology changes the future

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With only one sentence from Musk, Tesla plummeted by nearly 12% overnight, and the market value of 1.3 trillion in two days was wiped out.

US Eastern time closed on Tuesday,Tesla reported $1023.5, a drop of nearly 12%, and its latest market value was $1.02 trillion. At the same time, the A-share new energy vehicle sector ushered in a general decline.

And just the day before, Tesla closed down 4.8%. Tesla’s cumulative decline in the two trading days reached 16.2%, and the total market value of 198 billion US dollars has evaporated, or about 1.3 trillion yuan.

It is understood that Tesla’s stock price plummeted mainly due to two reasons.One is a vote initiated by Musk last weekend.

On November 7, Musk launched a public opinion poll on social media to ask fans whether he should sell 10% (worth $21 billion, or about 130 billion yuan) of Tesla stock.

Musk said that regardless of the result, he will “obey the voting results.” The voting results showed that 3.519 million people participated, and nearly 60% of netizens voted in favor. As a result, Tesla shareholders could not sit still.

Second, Kimbal Musk, the younger brother of Tesla CEO Musk, sold 88,500 Tesla shares on November 5., Which accounts for about 15% of his shares (excluding options).

According to the data of the Forbes rich list, as of the afternoon of November 8, Musk’s personal net worth was as high as 318 billion US dollars, ranking first.

Musk's words and investors panicked Tesla's 1.3 trillion market value in 2 days and vanished in smoke

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Please indicate the source for reprinting: Fast Technology

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#Elon Musk#stock#Tesla

Editor in charge: Zhaohui

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