Tesla has done very well on the stock market in recent months. Not surprisingly, the corona crisis is now throwing a spanner in the works.
At the end of last year, Tesla continued to grow in value on the stock market and that continued into early 2020. So strong, in fact, that a Tesla share was worth over $ 400 at the beginning of the year and a whopping $ 900 a month ago. In no time it was worth more than double. With more major achievements such as the delivery of the first Models Y and the opening of more factories, things looked bright for the future, but that is now completely over.
Since the beginning of this month, the stock has only fallen in value after a short rebound. The biggest blows have been made in recent days, as the coronavirus is also becoming increasingly concerned in the US. From a value of roughly $ 750 at the beginning of the month, the stock has plummeted to $ 395. The enormous climb of the past few months has thus been canceled out, time will tell how long it takes to get a more optimistic outlook again.