Tesla share price crashes further as Elon Musk’s net worth continues to fall

Andrew Griffin

3 January 2023 at 1:31 pm·1-min read

Tesla’s share price has collapsed further after the company missed its targets for 2022.

On Tuesday, the first trading day of the year, the price fell almost 15 per cent, to just over $105. In September, the company had been trading as high as $309 per share.

The tumbling share price is yet another headache for chief executive Elon Musk, who is now running Twitter as well as his electric car company.

Tesla’s share price has already seen weak performance in recent weeks, as investors grow concerned that Mr Musk’s focus on Twitter could be harming his other brands.

Those concerns have escalated in recent weeks, and Tesla’s valuation is now down around 42 per cent in just the last month.

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