Tesla's share price has fallen 11%: it has fallen nearly 70% this year, with a market capitalization of less than $350 billion.

CTOnews.com news on December 28, December 27, US Eastern time, most of the major US stock indexes closed down, with the Dow up 0.11%, the Nasdaq down 144.63 points, or 1.38%, and the S & P 500 down 0.40%.

The share price of Tesla of Tuyuan Pexels fell sharply again. As of December 27, US Eastern time closed at US $109.1, down 11.41%, with the latest market capitalization of US $344.51 billion. Its market value lost about 44.4 billion yuan (about 309 billion yuan) overnight. It is worth noting that Tesla has fallen for seven consecutive days and has fallen nearly 70 per cent during the year.

CTOnews.com learned that after the 22nd session of this month, Musk promised investors that he would not sell any Tesla shares in the next 18-24 months. "I promise that I will not sell Tesla shares for at least two years from now, and I will not sell them under any circumstances next year."

According to an internal notice and two people familiar with the matter, Tesla's Shanghai super factory suspended production on the same day, Reuters reported on December 24. The early shift at the factory was cancelled that day, and the workers were told they could start their holidays, and the factory did not specify why. This is slightly earlier than the plan to stop most of the work at the plant in the last week of December.

On December 26, Tesla China responded that vehicle production will carry out annual production line maintenance work as planned this week, and workers will also take a rest during the production line maintenance period after a year of hard work. However, the charging piles and other workshops have not been shut down, so the factory shutdown reported by the media is not entirely accurate.