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Tesla stock plunges as EV maker warns production growth will be 'notably lower' than 2023
(finance.yahoo.com)
this post was submitted on 25 Jan 2024
46 points (96.0% liked)
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Their stock is down 28% in the past month, putting them at 28% (ironically) higher than this time last year. That's nothing to scoff at and is still a better return than any other American car manufacturer I've seen but the drastic drop is concerning
Compared to Ford Motors down 9% from a month ago and down 10% from last year. GM down 3% from the last month and down 2% from last year.
The market is tanking across the board, but Tesla is tanking hard fast. We'll see how far it goes.