Tesla’s lost market cap in one year is greater than the combined market caps of Coca-Cola and PepsiCo

Tesla’s market capitalization has fallen by about $670 billion, from more than $1.2 trillion to $530 billion in the past year. This is an unprecedented drop in the stock market. Tesla’s stock soared from $30 in early 2020 to more than $400 last November, increasing the company’s market capitalization from less than $100 billion to more than $1.2 trillion USD. However, by the end of this Monday, November 21, 2022, its market cap has dropped by nearly 60%, to $530 billion.

Let us compare to see how large Tesla’s lost market cap was. It is likely to be larger than the total market capitalization of billionaire Warren Buffett’s Berkshire Hathaway ($685 billion), as well as larger than the market capitalizations of Johnson & Johnson ($460 billion), Exxon Mobil ($457 billion), and JPMorgan ($390 billion).
For more context, the company’s lost market capitalization is greater than the combined market capitalization of Coca-Cola ($268 billion) and PepsiCo ($255 billion), or more than three McDonald’s ($201 billion), Disney ($178 billion), or Wells Fargo ($178 billion). It is also roughly four times the capitalization of Nike ($162 billion), five Netflixes ($127 billion), six Starbucks ($113 billion), seven PayPals ($92 billion), and twelve General Motors or Fords ($56 billion each).
Reasons for the decrease
Only Apple, Alphabet, Amazon, Microsoft, and Berkshire Hathaway are now worth more than the $670 billion in market capitalization that Tesla has lost over the past year. This decline was largely caused by investors selling off high-value stocks like Tesla in the face of high inflation, a possible recession, higher interest rates on bank deposits, and bond yields that appear more secure and stable. Furthermore, Musk’s focus on Twitter raises concerns that he will be distracted from Tesla, affecting the company’s performance.
Musk is said to have sold more than 19.5 million Tesla shares worth more than $ 4 billion at the end of October in order to acquire Twitter in a deal worth up to $ 44 billion. He is also said to be busy redesigning Twitter, which started with massive layoffs of leaders and employees. At the same time, Musk also brought dozens of Tesla employees to Twitter to help him with code review and to enhance Twitter’s comprehensive reform process.
As a result, Tesla shareholders are concerned that Musk’s distraction from Tesla and attempt to support Twitter by selling more Tesla stock may further affect Tesla’s business and stock.

The drop in Tesla’s stock price presents an investment opportunity for both sides of the speculators. Bulls like Ron Baron believe the stock will reach new highs in the coming years, while bears like “The Big Short’s Michael Burry believe it will fall even further.
What about you? Which side are you on?


TechBiz gathers information from Yahoo Finance and CNBC

FIFA reaches $7.5B in revenue, an all-time record, for the current World Cup period

The first ever virtual K-Pop girl group based on real-life artists will be formed via Kakao TV’s upcoming show premiered on November 28

Israeli food tech startup Plantish plans to officially sell the world’s first plant-based whole-cut salmon fillets in 2024

American Thanksgiving traditions and festivities

Tesla’s lost market cap in one year is greater than the combined market caps of Coca-Cola and PepsiCo

The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.

The Bahamian government is rumored to have connections with the FTX hacker’s dump of 50,000 ETH in exchange for BTC

China successfully tested world-first hypersonic detonation engine that can propel flights at 9 times the speed of sound

Amazon officially launched a virtual clinic for common health conditions

Meta partners with Polygon to introduce features that let creators mint and sell NFTs on Instagram.

techbiz.network estee lauder

Estée Lauder- the story and philosophy behind the success of a leading beauty brand

The Estée Lauder Companies IncThe Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of …
techbiz.network Qatar World Cup expenses

With a $220B estimated cost, Qatar has hosted the most expensive World Cup ever

The former FIFA president Sepp Blatter said to the Swiss newspaper group Tamedia that the decision to let Qatar host …
techbiz.network Qatar World Cup expenses

With a $220B estimated cost, Qatar has hosted the most expensive World Cup ever

The former FIFA president Sepp Blatter said to the Swiss newspaper group Tamedia that the decision to let Qatar host …
techbiz.network kpop virtual girl group

The first ever virtual K-Pop girl group based on real-life artists will be formed via Kakao TV’s upcoming show premiered on November 28

Kakao TV has just released a teaser for its new show RE:VERSE, which will premiere on November 28, featuring 30 …
techbiz.network thanksgiving traditions

American Thanksgiving traditions and festivities

Thanksgiving is a national holiday in several countries such as USA, Canada, Grenada, Liberia, Saint Lucia. However, people in many …
techbiz.network banh mi

Vietnamese dishes that fascinate foreigners

The popularity of Vietnamese food is growing worldwide. Among these, a number of dishes are particularly favored by foreigners.In this …
techbiz.network Hoi An Memories Land

Vietnam received recognition in the 29th World Travel Awards in numerous categories

On November 11, 2022 in Muscat, Oman, at the gala night of the 29th World Travel Awards, Vietnam’s numerous tourist …
techbiz.network banh mi

Vietnamese dishes that fascinate foreigners

The popularity of Vietnamese food is growing worldwide. Among these, a number of dishes are particularly favored by foreigners.In this …
techbiz.network Qatar World Cup expenses

With a $220B estimated cost, Qatar has hosted the most expensive World Cup ever

The former FIFA president Sepp Blatter said to the Swiss newspaper group Tamedia that the decision to let Qatar host …
techbiz.network tesla

Tesla’s lost market cap in one year is greater than the combined market caps of Coca-Cola and PepsiCo

Tesla’s market capitalization has fallen by about $670 billion, from more than $1.2 trillion to $530 billion in the past …
Talks with Leaders, Ep8: 1st AI Doctor Assistant in Vietnam provides 90+% correct diagnosis within 5s

Talks with Leaders, Ep8: 1st AI Doctor Assistant in Vietnam provides 90+% correct diagnosis within 5s

In this eighth episode, we’ll learn about VinBrain, a VinGroup subsidiary dedicated to developing AI and IoT technologies for …
techbiz.network blockchain meets metaverse

Talks with Leaders, Special episode: Blockchain meets Metaverse, featuring business leaders, investors, tech experts and global influencers

On November 14, 2021, the live webinar Blockchain meets Metaverse was successfully organized by TechBiz with the participation of …
techbiz.network kpop virtual girl group

The first ever virtual K-Pop girl group based on real-life artists will be formed via Kakao TV’s upcoming show premiered on November 28

Kakao TV has just released a teaser for its new show RE:VERSE, which will premiere on November 28, featuring 30 …
techbiz.network estee lauder

Estée Lauder- the story and philosophy behind the success of a leading beauty brand

The Estée Lauder Companies IncThe Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of …

techbiz.network kpop virtual girl group

The first ever virtual K-Pop girl group based on real-life artists will be formed via Kakao TV’s upcoming show premiered on November 28

Kakao TV has just released a teaser for its new show GIRLS RE:VERSE, which will premiere on November 28, featuring …

techbiz.network genesis and ftx crisis

The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.

A report from Bloomberg on November 22 states that Genesis has $2.8 billion in unpaid debts on its balance sheet, …

techbiz.network genesis and ftx crisis

The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.

A report from Bloomberg on November 22 states that Genesis has $2.8 billion in unpaid debts on its balance sheet, …

techbiz.network Hoi An Memories Land

Vietnam received recognition in the 29th World Travel Awards in numerous categories

On November 11, 2022 in Muscat, Oman, at the gala night of the 29th World Travel Awards, Vietnam’s numerous tourist …
techbiz.network plant-based salmon

Israeli food tech startup Plantish plans to officially sell the world’s first plant-based whole-cut salmon fillets in 2024

Plantish is an Israeli foodtech company with the goal of becoming the world’s leading fish brand without harming any …
techbiz.network estee lauder

Estée Lauder- the story and philosophy behind the success of a leading beauty brand

The Estée Lauder Companies IncThe Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of …

techbiz.network Qatar World Cup expenses

With a $220B estimated cost, Qatar has hosted the most expensive World Cup ever

The former FIFA president Sepp Blatter said to the Swiss newspaper group Tamedi that the decision to let Qatar host …

techbiz.network estee lauder

Estée Lauder- the story and philosophy behind the success of a leading beauty brand

The Estée Lauder Companies IncThe Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of …

techbiz.network thanksgiving traditions

American Thanksgiving traditions and festivities

Thanksgiving is a national holiday in several countries such as USA, Canada, Grenada, Liberia, Saint Lucia. However, people in many …
techbiz.network banh mi

Vietnamese dishes that fascinate foreigners

The popularity of Vietnamese food is growing worldwide. Among these, a number of dishes are particularly favored by foreigners.In this …

techbiz.network Qatar World Cup expenses

With a $220B estimated cost, Qatar has hosted the most expensive World Cup ever

The former FIFA president Sepp Blatter said to the Swiss newspaper group Tamedia that the decision to let Qatar host …
techbiz.network tesla

Tesla’s lost market cap in one year is greater than the combined market caps of Coca-Cola and PepsiCo

Tesla’s market capitalization has fallen by about $670 billion, from more than $1.2 trillion to $530 billion in the past …

Leave a Reply