Tesla’s big price cuts this month have sparked a backlash from owners, many of whom paid thousands of dollars more for their vehicles just weeks earlier
Tesla closed its worst year in its stock’s history, shedding about $675 billion in market valuation in 2022—the same year CEO Elon Musk bought Twitter.
But reasons for the selloff go well beyond the social-media company. WSJ’s Sean McLain explains. Photo illustration: Amber Bragdon/Getty Imagesthis month have sparked a backlash from customers, many of whom paid thousands of dollars more for their vehicles just weeks earlier.
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