The year 2022 has not been a great one for Elon Musk and Tesla as the company’s stock price plunges and its market capitalisation is wiped away.
According to Market Watch, the electric vehicle giant’s stock plummeted by 61 per cent this year, making it the 11th-worst performing stock in the S&P 500 in 2022.
Its market capitalisation has plunged by $1.19 trillion ($US800 billion).
The billionaire and CEO took to Twitter to defend his company’s abysmal stock performance.
“As…
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