Reporter | Zhou Chunlin
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1 year later, Tesla 's stock price has been falling all the way, and this week it expanded its decline. Currently, compared with the all-time high in January, the share price of Tesla has fallen by one third, which is the third time the electric car maker's stock price has seen such a big pullback in about a year.
In recent weeks, the market value of Tesla has fallen by nearly $300 billion to $550 billion since its all-time high on January 26, as investors fears of rising interest rates and sell-offs of high-valuation stocks, lagging behind Facebook, which it surpassed after joining S&P 500 in December.
Tesla shares fell more than 4% on Monday, down nearly 35% from the peak on January 26. ARK Innovation ETF has 10% of its assets invested in Tesla , down 6%.
Since Nasdaq closed at its most recent all-time high on February 12, technology stocks and other growth stocks have generally fallen. However, the decline in Tesla during this period was much deeper than other Wall Street stocks.
Tesla 's surge in recent months stems from expectations that it will rapidly expand automobile production and achieve profitability. The latest decline in
stock price is due to Tesla CEO Elon Musk tweeted last Saturday that it may provide the latest situation on the Cybertruck pickup in the Tesla planned in the second quarter.
Previously, Musk announced the Cybertruck in 2019.
As the largest volatile company among Wall Street, the stock price of Tesla has fallen twice since the beginning of 2020, with a drop similar or greater than the current sharp drop.
In February and March last year, its stock price fell by more than 60%. It fell another 33% after soaring to a new high in August.
Since the Nasdaq index peaked on February 12, Tesla has now fallen nearly 30%, reducing its gains over the past six months to about 43%.
Apple has fallen by about 13% since February 12, while Amazon , Microsoft and Facebook slump by less than 10%.
And since Tesla announced the purchase of $1.5 billion worth of Bitcoin on February 8, its stock price has fallen steadily, while the price of Bitcoin has climbed more than 10%.
Tesla said it bought these bitcoins during January, and according to the calculation, if it is assumed that it bought these bitcoins at a mid-price of about $45,000 that month, its investment could now be worth about $1.7 billion.
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