Tesla's share price fell 7% and hit a new low, and its market capitalization lost 3 trillion yuan in more than two months.

Beijing, Nov. 22 (Xinhua) due to factors such as a car recall, investors are worried, and CEO Elon Musk (Elon Musk) has focused on turning around Twitter, Tesla has lost more than $430 billion in market value since mid-September.

As of Monday's close, Tesla's shares fell 6.8% to close at $167.87, the lowest level since November 2020, and the market capitalization lost about $38.9 billion (278.7 billion yuan).

Earlier, Tesla announced a recall of more than 320000 cars in the United States because of faulty taillights. At the same time, the epidemic also put Tesla's production and sales at risk.

Tesla's market capitalization has lost more than $430 billion in less than two months. Tesla's share price has lost nearly half of its value in less than two months, as supply chain chaos intensifies, raw material costs soar and potential buyers are squeezed by stubborn inflation and rising interest rates.

Data show that Tesla's market capitalization has lost more than $430 billion since mid-September. Tesla's market capitalization once exceeded $1,000bn, leaving $530 billion as of Monday.