Tesla shares buckled this week under renewed concerns about weakening demand for its electric carsThis and other risks have made investors wary about the stock’s future, at least in the near term. Elon Musk’s hold over retail investors has also started to wobble. Earlier in the session, Tesla’s market capitalisation dipped to around $321 billion, dropping below Meta’s roughly $334 billion. The first signs of retail exhaustion in Tesla are emerging, analysts at Vanda Research wrote in a note on Thursday. Meta, in contrast, has fared better in recent months.

Source: News 24 January 07, 2023 17:29 UTC