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Tesla’s market cap plummeted by over $30B in 9 months: Here’s what’s happening

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Tesla’s stock has been in a free fall for the last week. While shares opened up slightly higher than their previous close today, the overall trend over the last seven days has pointed downward. Last Friday, its price hit $222.24; today the stock hovers around $196.

That decline is even worse when you look at where the stock was only nine months ago.

Last August, Tesla hit a high of $387.46 per share,........

© Fast Company