Comment on Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamed

Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamed

Over the last five days, Tesla shareholders watched the value of their stock decline by roughly 16 percent and saw nearly $8 billion in value erased, as the company’s celebrity chief executive, Elon Musk, had what amounts to a very public breakdown. However, Musk is not the only person responsible for the collapse of Tesla’s stock price.

 

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