On Monday, April 7, Tesla Inc. shares continued to fall, dropping below the price that US Secretary of Commerce Howard Lutnick predicted they would never fall to again. This is reported by Bloomberg, reports UNN.
Details
Against the background of a general fall in global stock markets, Tesla shares fell by more than 10% - to $214.80. Lutnick said during a Fox News interview on March 19 - when Tesla shares closed at $235.86 - that viewers should buy shares, saying "they will never be this cheap again."
Overall, Tesla shares have fallen 50% from their record high in mid-December.
According to the publication, the participation of CEO Elon Musk in political disputes in the US and the rest of the world has alienated some buyers of Tesla products and provoked protests against it.
Addition
Due to tariffs introduced by US President Donald Trump, the wealth of the 500 richest people in the world decreased by 208 billion dollars, and a collapse occurred in large world markets.