TESLA’S MARKET VALUE FELL OF BY $ 100 BILLION SECOND TIME IN MARKET
Elon Musk’s Tesla market valuation lost nearly $109 billion in a single day after its fourth-quarter earnings and outdoors failed to impress the audience, even after the record sale of numbers of cars in 2021. Tesla produced 305,840 vehicles In the fourth quarter, a 70 percent increase over the previous year. After Musk announced that Tesla will not launch any vehicle in 2022, many are expecting semi-truck, cyber tracks, and cheap tesla. Its shares price fell off and cloud at $ 829 which is the lowest since 2021.
He also added that we are looking at a factory location to see what makes the most sense with possibly some announcement by the end of this year. Tesla also lost $100 billion last year on 9 November and this is the second time the company has lost a hundred dollars. Musk also mentions that the 2021 breakthrough year for Tesla and electric vehicles in general, will make a revenue of $5.5 million as compared to $721 million in 2020. The company delivered 936,172 vehicles in 2021 alone.
Tesla is also planning to introduce an electric car that costs will be around $25,000. The auto company is ignoring to give any clue on such projects and booming more focused on artificial intelligence and autonomous driving technology instead. Experts believe that Tesla is not focusing on launching new products that might affect its market, whereas other start-ups and EV companies are working towards launching new vehicle projects. Tesla is also focusing on a humanoid robot called Optimus.