BitCoin extracts Tesla's power! Market cap reduced to third from a record high.

In the past few weeks, investors have become nervous due to the fall in high-value stocks and rising interest rates.

Tesla's market cap has fallen by about 30 thousand crores so far from its record high of 26 January

Elon Musk’s Tesla Stocks: Investors have become nervous over the past few weeks due to the fall in high-value stocks and rising interest rates. Due to this, the stock of Tesla, the world's largest electric carmaker, has reached the third value due to the decline since it reached a record high in January 2021 this year. On January 26, the company's market cap was at a record high of 55 thousand million dollars, which is now just one-third. So far, it has fallen by about 30 thousand crores from the record height of 26 January. Apart from this, so far the company's stocks have fallen dramatically three times in the last one year.


Tesla was followed by Elon Musk's company Tesla, making it to the S&P 500 in December 2020 last year, and then reached the company's M-cap record high on 26 January 2021. One reason for the decline in Tesla's stocks is also BitCoin. Ever since Tesla announced that it had bought bitcoin, it has slowly come down in its stocks.

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