Tesla’s market value drops $80 billion in a day.

“Short sellers targeting Tesla have reaped considerable profits, making it the most lucrative U.S. short trade this year, according to data and analytics firm Ortex.”

“The problem for Tesla is any significant attempt to boost sales from here on will probably need to be achieved at the cost of further falls in operating margin, due to having to compete with BYD in China, as well as increased competition elsewhere,” Michael Hewson, chief market analyst at CMC Markets told Reuters.

Global News Update with Mr. and Mrs. Beckmann

To read more articles and news, visit INFYNIT Global News group on INFYNIT Social. Click the link here

Above excerpt and source article in the video reported by Vivek. S. (2024, January 26). Tesla’s market value drops $80 billion in a day. Here’s why. India Today Business Desk
Photo by BoliviaInteligente on Unsplash

Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates.