Tesla shares tumble below $150 per share, giving up all gains made over the past year
Time:2024-05-21 23:37:29 Source:styleViews(143)
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.
Previous:Sports betting roundup: Xander Schauffele's final putt pays off for bettors
Next:Australia, New Zealand send planes to evacuate nationals from New Caledonia
You may also like
- Amal Clooney played key role in ICC bid to request arrest warrants for Israeli PM and Hamas leader
- Brandon Pfaadt strikes out career
- Seeking engagement and purpose, corporate employees turn to workplace volunteering
- German police arrest a Russian man in connection with the fatal stabbings of 2 Ukrainian men
- Who is Abi Carter? Inside the American Idol winner's unconventional family life
- Hawaii military family sues over jet fuel leak into Navy water system
- Katie Holmes pays tribute to NY punk band Ramones as she rocks vintage T
- Joe Biden wins Democratic primary in Puerto Rico
- Dali cargo ship is finally brought back to port