Tesla shares dive as investors fear new Elon Musk political party will damage brand
Tesla shares dive as investors fear new Elon Musk political party will damage brand
Fall of 6.8% in early trading wipes $79bn off firm’s value as market frets CEO’s foray into politics will distract from role
Shares in Tesla are heading for a sharp fall in the US as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker.
Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70bn (£51bn) off the company’s value when Wall Street opens.
If the shares fell by that much, the value of Musk’s stock would fall by more than $9bn to about $120bn. The Tesla and Space X boss remains comfortably the world’s richest person, with a wealth of about $400bn, according to Forbes.
But seriously, when will stock take a back seat to human decency and literal survival
As soon as there are consequences for corruption.
I.e. not soon.
The nazi brand must never recover
Hmmm yeah, but Did you ever hear about a brand called Volkswagen ?
Woohoo! Let’s go even lower!