Tesla lost $77 billion in market cap after China sales slowed and its Germany factory was attacked

Over the past week, Tesla has experienced a market capitalization decline of more than $77 billion, attributed to a sales downturn in China and an arson incident near the company’s German factory.

The current valuation of the Austin, Texas-based electric vehicle maker stands at approximately $566.34 billion, a notable decrease from the $643.46 billion market cap recorded on February 28th.

Since January 2nd, Tesla has witnessed a total market valuation drop of approximately $224 billion.

On Tuesday, Tesla shares saw a nearly 4% decrease, closing at $180, following a more substantial 7% decline on Monday, Quartz reported.

READ MORE: https://qz.com/tesla-market-cap-ev-china-sales-germany-arson-1851311451

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