Elon Musk's Tesla and SpaceX Have Shed $1.19 Trillion in Value Since June. Is This a Buying Opportunity?
Both companies face a challenging road ahead.
Overview
If you're a contrarian investor looking to pick up companies at a bargain price, then this may be a good time to consider Elon Musk and his trillion-dollar enterprises. Both Tesla (NASDAQ: TSLA) and Space Exploration Technologies (NASDAQ: SPCX) have been struggling in recent weeks, with Tesla falling nearly 20% since June 19 and SpaceX falling by 40%.
SpaceX has been the big loser, losing nearly $1 trillion in market cap in the last six weeks, while Tesla has lost $220 billion. Musk's companies have gone from a collective capitalization of $3.94 trillion to $2.75 trillion.
Details
Company
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.