The latest stock market week meant another decline for the Tesla stock on the New York stock exchange, which means that the stock has fallen for seven weeks in a row, the longest decline in 15 years for the company, reports CNBC.
The current price, 270 dollars, equivalent to 2,700 kronor, also means that the stock is now at its lowest price since November 5 when Donald Trump was elected president in the USA.
The turnaround is thus complete after Tesla surged strongly in connection with Trump's election and the market viewed Tesla optimistically due to Musk's connection to Trump. But after the stock had soared to a price of 480 dollars in mid-December, it has only gone downhill, and a market value of 800 billion dollars has thus disappeared during the decline.
Several banks, including Bank of America and Goldman Sachs, have also sharply lowered their target price for the stock due to, among other things, the weak sales figures in Europe.
Elon Musk has also been increasingly questioned, among other things, for his connection to the German far-right party AFD, which Musk has expressed his support for.
