![]() Notably, this is in the face of increased competition from the likes of EV startups such as Nio ( NIO), Li Auto ( LI), Rivian ( RIVN) and Lucid ( LCID). Despite of all of that, including the recent declines, Tesla shares are up 36% year to date, besting the 7% rise in the S&P 500 index. ![]() Search for ticker symbols for Stocks, Mutual Funds, ETFs. With the recent decline, including losing 7% of its value over the past thirty days, and 14% in six months, there is still tons of value in the shares, but there’s also the glass-half-full perspective. Key west fantasy festival 2021 where are the commands you need to change the position or. Since reaching its 2023 high of $217.65 on February 16, the shares have fallen 23% based on Friday's close. The stock’s muted response to the Twitter CEO announcement is one thing however, the bigger picture is also about Tesla’s fundamentals. Elon Musk just changed Twitters logo to the Dogecoin symbol. He said on Friday that his role at Twitter will transition to being executive chair and chief technology officer at the company. Cash bonus will be applied to qualifying accounts one. Our in-app tools allow you to easily transfer your account to Public directly from your phone. Moving investments to Public is quick, convenient, and secure. One possible reason for the stock falling could be a belief that Musk would still be heavily involved in the day-to-day operations of Twitter. Get up to an extra 10,000 when you transfer your stocks to Public from another brokerage. Some investors were left scratching their heads. Tesla stock initially jumped closed to 3% on the announcement, before falling by the close of trading Friday. However, now that Yaccarino has been named Twitter CEO, Tesla shares didn’t respond the way investors expected. Raising the cash for Twitter required Musk to sell off some of his Tesla stock. How the Twitter deal was financed was also a cause of anxiety for long-time Tesla investors. Investors questioned Musk’s ability to effectively lead both Tesla and Twitter, while also running rocket company SpaceX. The reason for the decline was driven by the belief that Musk’s $44 billion purchase of Twitter was a risk to Tesla shares. Two months later, its shares reached a low of $108, losing some 52% of their value. When the Twitter deal closed on October 28, Tesla stock traded at $228.52.
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