Elon Musk’s Tesla overtakes Meta to become the worst-performing valuable tech stock of 2022

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Euronews (English)

Electric car maker Tesla is ending the year on a bump after its shares fell to the lowest in two years, beating Meta to become the worst-performing stock in 2022 of the most valuable tech companies. It comes as Elon Musk sold off about $23 billion (€21 billion) worth of Tesla stock this year to finance his Twitter purchase and faces investor backlash for spending too much time on the social media company. Shares in Tesla fell 11 per cent on Tuesday, which totals a drop of 73 per cent from their record high in November 2023. Musk said on Twitter Spaces on December 22 that he would stop selling …

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