A cautionary tale for anyone thinking of becoming an investor is that all the money you put into the company at the beginning of the year has gotten a haircut.
On January 3, 2022, the day the stock market opened for the year, the price ofTesla stock was $400 per share. It is worth $191.30 as the markets open. If you bought $1,000 of the stock, it would now be worth $478
There are many other issues at play, including COVID-19 issues at itsShanghai plant and news that the electric vehicle maker had to recall.
It's impossible not to take the social networking site into account.
CNBC reported last week that the stock price of Musk's company had fallen 35 percent since he said he was going to buy the social networking site. The price has fallen since the deal closed.
Though it's still more valuable than it was before it began manufacturing cars, and many early investors are still far ahead, this is the lowestTesla stock has been in the last 18 months.
Is it possible it could fall lower? It will only be a matter of time before it makes last year's highs look amateur.
A friend of Musk says he is surrounded by yes men.
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