Tesla's stock price will record the worst annual performance, Musk's distracted Twitter worries

CTOnews.com, December 26 (Xinhua)-- Tesla's share price is on the verge of its worst annual performance since it went public, according to the Wall Street Journal. Investors are worried about Elon Musk's distraction from Twitter, falling demand for his electric cars and a decline in the overall market in an environment of rising interest rates.

The fall in Tesla's share price marks a sharp reversal for the world's largest car company by market capitalization. CTOnews.com has learned that Tesla's market capitalization has fallen by about 70 per cent since its share price hit an all-time high in November 2021.

Us media pointed out that uncertainty in the global economy is deepening, while consumers have more and more other electric vehicles to choose from, which makes Wall Street worry that Tesla may need to sacrifice profitability to maintain growth.

Data show that Tesla Shanghai Super Factory delivered 100291 vehicles in November, setting a new monthly delivery record. In the first 11 months of this year, Tesla Shanghai Super Factory delivered more than 650000 vehicles.