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Tesla’s stock is tanking. Here’s why

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Tesla's Stock Crash in December

The Tesla stock price has always been really overvalued. weakening demand in China specifically as a lot of local competitors catch up. There's a real perception out there now that Musk's attention is simply not on his car company, which is the primary source of his wealth. The end result last year is that we saw a 69% decrease in Tesla stock year over year and a loss of about $700 billion. And he's the first human being to ever personally lose $200 billion.

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