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Tesla's stock tumble lops over $14.5 billion of its market cap this month

Tesla Inc.'s TSLA, -7.21% inventory plunge has lopped over $14.5 billion off the electric car maker's marketplace capitalization this month, and has slashed the price of co-Founder and Chief Executive Elon Musk's stake by means of just about $three billion. The inventory has tumbled $86.50, or 25.2%, month so far, the biggest per thirty days selloff in its historical past, amid rising issues over the corporate's cash position and worries about a government investigation into a up to date deadly crash. With 168,919,941 shares outstanding as of Feb. 14, the associated fee decline reduces Tesla's marketplace cap by means of $14.61 billion to $43.34 billion. That's below General Motors Co.'s GM, +1.81% marketplace cap of $49.61 billion, however still above Ford Motor Co.'s F, +0.28% marketplace cap of $43.03 billion. Meanwhile, Musk owned 33.63 million Tesla common shares, or about 19.nine% of the shares outstanding, consistent with FactSet. That manner the per thirty days price decline has lower the price of his protecting by means of $2.91 billion. The inventory has now misplaced 7.5% during the last 12 months, whilst GM shares have slipped 0.6% and the S&P 500 SPX, +0.09% has won 10.8%.