Newsbreak 4 months ago in Around The World, Berkshire Hathaway, clean energy, Electric Vehicles, Elon Musk, Exxon Mobil, Growth stocks, Inflation, Interest Rates, J&J, JPMorgan, Market capitalization, market value, Markets, MI Exclusive, Recession, Stock Market, Stocks, Tesla, Twitter, Warren Buffett 0 Category: Growth stocks
Tesla has lost almost $700 billion in market value – the equivalent of 3 Disneys, 4 Nikes, or 6 Starbucks
Newsbreak 4 months ago in Around The World, Berkshire Hathaway, clean energy, Electric Vehicles, Elon Musk, Exxon Mobil, Growth stocks, Inflation, Interest Rates, J&J, JPMorgan, Market capitalization, market value, Markets, MI Exclusive, Recession, Stock Market, Stocks, Tesla, Twitter, Warren Buffett 0 Elon Musk. Reuters Tesla’s market capitalization has plunged from over $1.2 trillion to $530 billion in the previous yr. Elon Musk’s firm has lost practically a Berkshire Hathaway’s price of market value. Tesla’s $670 billion decline is roughly equivalent to 3 Disneys, 4 Nikes, or six Starbucks. Tesla‘s market capitalization has plunged by approaching $700 billion from its peak — greater than the particular person…
The freefall in tech and other growth stocks shows Wall Street grappling with ‘the revenge of the old economy’, Goldman...
Spencer Platt/Getty Images The plunge in tech and growth stocks is the “revenge of the old economy,” Goldman Sachs’ commodities stated. Jeff Currie pointed to prior underinvestment in vitality and industrials, which has led to produce points which might be fueling issues now. “All of the earnings coming out confirm this idea: the revenge of the old economy. Tech: missing substantially.” The freefall in tech…