Tesla stock has dropped 53.7% since December 2023
ft.com —
Tesla's stock has dropped 53.7% since its peak on December 17, 2023. This decline makes it the second-largest percentage loser among major stocks, resulting in a market value loss of $795 billion. Currently, Tesla's market capitalization is lower than that of several companies, including Berkshire Hathaway and Saudi Aramco. It remains slightly ahead of Walmart. Elon Musk's net worth has decreased by about $150 billion in the past three months, as he holds 411 million Tesla shares and has pledged over half of his stake for other ventures.