Saturday, April 13, 2024

The ups and downs of Elon Musk’s Tesla cars

So far this year 830 Tesla cars have been sold in Ireland. In all of last year 631 Teslas were sold. It’s difficult to be out and about not to see an Elon Musk vehicle. And they are not cheap. 

Tesla shares are up 800 per cent in the last five years. By the end of last year the carmaker had amassed  $29 billion in cash and cash equivalents. But there is a significant slowdown on sales of the electric vehicle in the US right now And part of the slow down seems to be due to the public behaviour of Elon Musk. He bought Twitter for $44 billion. The share price has fallen 33 per cent so far this year.

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