Even in a turbulent economic climate, in a nascent industry that is prone to volatility, and in the middle of a geopolitical balancing act that impacts all of the above, the fall in the value of Tesla over the last year has been dramatic.
From a valuation of $1 trillion near the end of 2021, the American electric car company began 2023 with a market cap of $383.76 billion. In the last 12 months, the share price has fallen by 69 per cent.
