Tesla’s stock price hit a two-year low this week, but company CEO Elon Musk doesn’t seem too concerned according to an email that went out to employees and was obtained by Sky News. “Btw, don’t be too bothered by stock market craziness. As we demonstrate continued excellent performance, the market will recognize that,” Musk said. “Long-term, I believe very much that Tesla will be the most valuable company on Earth!”
As of this writing, Tesla stock can be purchased around around $120, down from just under $400 per share earlier in 2022. The stock price has not dipped this low since August 2020 during the height of the coronavirus pandemic. Over the course of this year, Tesla’s share price has decreased by around 70%.
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