Elon Musk’s fortune shrinks by $11 billion as Tesla shares crash in a day.

By, Harshadkr. Arun Salve
Tesla’s shares, which boosted Elon Musk’s wealth by over $90 billion this year, have now cost him $11.1 billion in one day.
Elon Musk, who gained more than $90 billion this year from Tesla’s shares, saw his fortune drop by $11.1 billion in a single day due to the same reason.
The same Tesla shares that added over $90 billion to Elon Musk’s net worth this year have now slashed $11.1 billion from it in one day.

Why Tesla's shares fluctuate so much ? According to various sources, some of the factors that affect Tesla's stock price are:

1. Its investment in bitcoin, which exposes it to the volatility of the cryptocurrency market.
2. Its pricing strategy for its Model Y and Model 3 cars, which may affect its profit margin and demand.
3. Its competition with other automakers, who are also launching their own EV models and setting ambitious sales targets.
4. Its surging Model 3 deliveries, which show its ability to appeal to a larger customer base and increase its revenue.
5. Its start of production in China, which lowers its production costs and expands its market share.
6. Its positive free cash flow, which indicates its financial health and self-funding capability.
7. Its big plans for 2020, which include launching new models, building new factories, and improving its technology².
8. Its stock split in 2020, which made its shares more affordable and accessible to more investors.
9. Its global economic problems (war, supply chain issues, and more), which may affect its operations and sales.
10. Its loss of investor trust in Elon Musk when he announced his intentions to acquire Twitter.
These factors can create a lot of uncertainty and speculation about Tesla's future performance and valuation, leading to frequent swings in its stock price.

Comments

Post a Comment

Popular posts from this blog

The Passionate Clap by WWE Superstar Rhea Ripley.

By, Harshadkr. Arun Salve
Image
  WWE superstar Rhea Ripley passionately claps back at a fan's claim that Dominik Mysterio "stole" her away from Buddy Matthews. In a fiery retort, Ripley dismisses the notion, highlighting her independence and personal agency in her romantic choices. Refusing to be defined by others, Ripley asserts her right to make her own decisions and pursue relationships that bring her happiness. With unwavering confidence and strength, she sends a powerful message that her life and heart belong to no one but herself. In a monumental moment on the inaugural episode of AEW Collision, the wrestling realm was electrified by the triumphant return of the enigmatic Andrade El Idolo. The masked luchador, known for his breathtaking athleticism and captivating charisma, graced the squared circle once again to the delight of fans worldwide. Stepping into the ring, he faced off against a formidable opponent, a member of the notorious House of Black faction. The tension between these two formida...
Read more

“15 Buddha Quotes That Can Help You Find Inner Peace and Overcome Mental Illness”.

By, Harshadkr. Arun Salve
“Finding inner peace can be challenging, especially if you have a mental illness. But who better than the Buddha to offer advice on maintaining mental stability and peace?” “These 15 best Buddha quotes can help soothe your soul and give you a sense of peace and direction, at least for a little while.” “As someone who is clinically depressed and anxious, I understand how difficult it can be to find peace within oneself. Like many others, I have tried many options to help me and my mental health.” “None of them worked quite as well as taking it day by day and constantly reminding myself that everything will be okay.” “Siddhartha Gautama, also known as ‘The Buddha’, has a lot of wisdom that has been extremely beneficial to my everyday life. Although many people attempt to achieve nirvana by practicing Buddhism, meditation, and yoga, you only need the mindset to help you through the day. Buddha has lived infinite lives and understands that everything needs love and forgiveness, including y...
Read more

China targets global diplomacy shift with West.

By, Harshadkr. Arun Salve
China has come out of its COVID-induced seclusion with ambitious intentions to increase its sway among nations globally. © Illustration by Hiroko Oshima. While Blinken makes appeals, Beijing employs ‘Xivilization’ to propagate its perspective of China. For three years, China’s worldwide diplomatic aspirations were frozen due to COVID. However, with the US embroiled in a national election and the global community focused on the conflict in Ukraine, Beijing has returned, intensifying its efforts to advance its own version of the West’s “rules-based international order.” After three years of COVID-induced isolation, China has emerged with ambitious plans to increase its global influence. With the US preoccupied with domestic elections and the international community focused on the war in Ukraine, Beijing is back, promoting its own alternative to the West’s “rules-based international order.” President Xi Jinping, China’s most powerful leader since Mao Zedong, has increased his global influ...
Read more