Alan Musk’s new party entry in America’s politics
The world’s richest businessman Alan Musk has recently announced the American party. The effect of which was seen in the US stock market on Monday. As soon as the US stock market opened on Monday, the shares of Elon Musk’s flagship company Tesla saw a decline of about 8 per cent. Due to which the value of the company’s valuation lost about $ 82 billion i.e. more than Rs 7 lakh crore. Alan Musk has announced a new political party due to the growing distance and confrontation between Allen Musk and US President Donald Trump. By the way, the US stock market is seeing a decline in the beginning trading session. Nasdaq Composite, Dav Jones and S&P are trading on the red mark.
Tesla shared crash
On Monday, one of the world’s largest EV company in the US stock market crashed the share of Alan Musk’s flagship company Tesla. This decline in shares has been seen after the announcement of the political party from Allen Musk. According to the US stock market data, Tesla’s stock is trading at $ 291.64 per share with a decline of about 8 per cent. Whereas during the business session, the company’s stock also reached the lower level of the day with $ 288.77. However, the company’s stock was opened at $ 291.37. However, on Friday, the company’s stock closed at $ 315.35. According to experts, there is a lot of instability on Tesla’s shares towards investors. The effect of which is being seen in the prices of the company’s shares.
Loss of 7 lakh crores in shock
Due to the decline in Tesla’s shares in the stock market, there has been a very bad effect in the company’s valuation. According to the US stock market data, the company’s valuation has seen a decline of $ 82 billion. Which is equivalent to the total net worth of Asia’s second richest businessman Gautam Adani. When the US stock market was closed on Friday, the company’s valuation was $ 994.32 billion, which has come to $ 912.68 billion after the company’s stock reached the lower level on Monday. This means that the company’s valuation has seen a decline of $ 81.64 billion.
How much decline in the current year
If we talk about the current year, Tesla’s shares have seen a decline of more than 23 percent. Looking at the data, on January 2, the company’s stock was at $ 379.28. Since then, it has seen a decline of more than $ 90. At the same time, 6 months the company’s stock has seen a downward decline of 26 percent. Whereas in a month, the company’s stock has seen more than 5 percent decline in a week and more than 8 percent in a week. Whereas in the last one year, the company’s stock is trading up more than 15 percent.