.Tesla stock tanked in 2022, and now they're offering $7500 discounts on EVs:
It's been difficult to escape the news regarding Tesla CEO Elon Musk these days. Ever since he purchased Twitter two months ago, the news hasn't stopped—and it hasn't stopped Tesla's share price from taking a massive tumble. It's down 45 percent since Musk bought Twitter and around 70 percent since the start of the year.
Amid rumors of softening demand, Tesla has started offering incentives to new buyers. Some current owners are getting a 30-day trial of some Enhanced Autopilot features, which are usually a paid upgrade. Tesla is also offering various discounts around the world, including $7500 for Model 3 and Model Y buyers in December, along with 10,000 miles of free Supercharging.
Tesla CEO Elon Musk's long, strange trip to purchase the social media site Twitter continues to get longer and stranger. As the auto industry watches what's happening to the microblogging site under the world's most-famous automaker CEO, Tesla shareholders aren't exactly enjoying the ride. The price of one TSLA share price would cost you just under $200 at the start of 2022. Today, the price is just over $123.
Of course, Tesla is impacted by non-Musk-related factors, and tech stocks have been in an overall decline this year. Still, ABC News notes that the tech-heavy Nasdaq only fell around half as much as Tesla has since January 1, 2022.
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