TESLA LOSES $ 50 BILLION IN VALUE


23/09/2020




Serhat TUNAR -TDO- Tesla founder Elon Musk presented his new projects to shareholders at a promotional event. At the event, Musk spoke about the new battery system, which goes a longer way, and the electric car model, which will go on sale for $ 25k in three years.

Interestingly, Tesla shares fell about 6 percent in value immediately after Elon Musk's presentation. The Tesla CEO's new investment plans and manufacturing strategy have not satisfied many shareholders. Investors sold about $ 50 billion in shares within hours of the disappointment.

Craig Irwin, market analyst at Roth Capital Partners, said: "None of the projects Elon Musk has said about batteries have been agreed yet."


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