It will be a year to forget! Tesla shares are down 69% through 2022

Without a doubt, one of the Person of the Year is the Tesla strongman. Elon Musk has taken many of his companies to new heights and added a few more assets to his already extensive list.

In the same way that it took a few times, it seemed to pause or slow others down. Tesla is one of the most visible and the end of the year shows an alarming scenario. Shares of the automaker are down 69% in just 12 months.

Tesla is slowing down in the stock market
Market analysts are concerned about Tesla's performance on the stock exchange.  One of the stars in recent years has been declining and has been getting worse in recent months, as can be seen very clearly.
The past few days have been particularly aggressive, with consecutive devaluations.  Tesla shares lost 8.9 percent on Thursday.  The following day was much quieter, until losses reached 1.8% at the end of the session.
With these values, and given the end of the Friday session, Tesla posted a cumulative loss of 69.2% throughout 2022🇧🇷 To appreciate this scenario more clearly, it is sufficient to show that the value of shares is currently around $121, compared to $400 at the beginning of 2022.

Stocks reflect market opinion
The reasons for this change in Tesla's landscape are many and well known.  Adding to the scenario of a recession in China and the United States, there is still Elon Musk selling 22.9 billion Tesla shares, to finance the purchase of Twitter.
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This deal has been a source of criticism for Elon Musk and his administration.  Many Tesla investors would like the CEO to focus on running the company and forgo other, more visible companies that distract him.
However, even with all this stock depreciation, Tesla seems to be holding its ground in the market.  This is, by far, the automaker with the highest stock valuation, which keeps the competition at a great distance.