News Briefs
  • 20:11

    Tesla's shares drop 17% after gains of 400% in first two quarters of 2020

    Share prices for Tesla, the electric car company launched by billionaire Elon Musk, have dropped 17%, The Guardian reports, after stunning gains during the first two quarters of 2020.

    In August alone, Tesla's shares rose by 74.1% in value; in 2020 in general, the company reported a 400% increase in share prices, making Tesla more valuable than some of the world's largest automobile manufacturers including giants such as Toyota and Volkswagen.