Tesla's share price falls: Musk fortune evaporates 1.5 billion dollars in two days

Tesla shares fell: Musk lost 1.5 billion dollars in two days according to foreign media reports, Tesla Motor Company's share price has fallen repeatedly as the company's electric-car fire ensued, causing the company's founder Elon Musk's personal wealth to evaporate 1.5 billion dollars in just two days. In the face of instability in the auto industry, the Tesla car company has launched its own new electric vehicle, despite the difficulties. Predictably, the company's electric car has been a huge success in the first half of the year, which has also inflated the personal wealth of the company's founder Elon Musk. This year alone, Elon Musk's personal wealth grew by 5 billion dollars. But in the two-day period this week, Elon Musk's personal wealth lost 1.5 billion of billions of dollars as the company's share price fell. The Tesla car company's market capitalisation has been surprising for the past 8 weeks. The car's three fires, combined with a less-than-ideal third-quarter sales, have tumbled the company's image and the company's share price has been suppressed. As of Friday, the company's share price has fallen to $134 from its peak of more than $190 trillion in September. The third car fire this week has pushed its share price further down. According to Bloomberg News report, Elon Musk wealth evaporated 1.5 billion dollars in the two trading days since this week. Of course, this is just a temporary phenomenon for fans of the Tesla car company. As a result, for Elon Musk, as long as the company has gone through the turmoil of the last two months, the difficulties now encountered may not be unmanageable. Compared to the safety of three fire incidents in five weeks. Tesla on the way to China also went to the "last kilometer"-trademark issue. This week, Tesla held a conference call after releasing its third-quarter earnings. In response to analysts ' questions about the Chinese market, the CEO said Tesla has been approved by China's regulatory agency to deliver the goods to China as early as January next year, in an bid to start sending electric cars to Chinese customers in February. Elon Musk did not mention the trademark issues involved in China. And in August this year, Guangzhou businessman Jimbaosheng released its 6-year-old application for registration of the Tesla (137.95,-1.82,-1.30%) Brand official website, showing the "Tesla" Chinese trademarks and the title of the website domain name. To address the issue of trademark registration, Tesla tried to buy "Tesla" trademarks for 2 million dollars. But Jimbaosheng is charging as much as $30 million trillion, far exceeding its expectations. Negotiations failed, Tesla turned to register the extension of the car Sales (Beijing) Co., Ltd. If the trademark problem cannot be solved, all activities of TESLA in China cannot use the name "TESLA". So far, the problem has not been resolved. More innovative information in the New Horizons of Silicon Valley