As Elon Musk dumps more shares, Tesla remains bellwether of post-pandemic recovery
It will remain an excessively volatile stock amid ongoing global energy crisis
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THE recent market plunge for American electric-vehicle (EV) giant Tesla has rattled the stock market, revealing the company's role as the bellwether of the post-pandemic recovery.
It's been a dramatic week for the California-based company, with Tesla's share price down by over 20 per cent from its peak in early November at one stage, dipping into bear-market territory earlier this week.
Tesla sits at the nexus of several trends in the US economy, becoming as representative of the industrial age as General Electric - the conglomerate that recently decided to de-agglomerate - was of the previous one.
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