Tesla has now surpassed Meta -- which owns Facebook, Instagram, and WhatsApp -- as the worst-performing big tech stock of 2022.
Tesla shares dropping 9% on Tuesday and are now down 42% in December
Investors are bailing on the stock as challenges mount for Tesla abroad and at home, and as Elon Musk continues to spend an outsized amount of time at Twitter. Multiple outlets reported fresh challenges for Tesla production in mainland China, as the automaker struggles to attract buyers in China and in North America.electric car company is days away from closing out its worst month, quarter and year on record and has moved pastThe latest drop comes after
reported that Tesla will continue a week-long production halt at its Shanghai facility, facing a fresh onslaught of Covid cases within its Chinese workforce.that when Tesla's Shanghai plant reopens in January, it will do so for just 17 days, in a break from Tesla's established practices. Shanghai has been battered by a fresh wave of Covid infections this month.
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