{"id":627957,"date":"2024-01-15T10:04:07","date_gmt":"2024-01-15T04:34:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=627957"},"modified":"2024-01-15T10:46:12","modified_gmt":"2024-01-15T05:16:12","slug":"tesla-gets-94-billion-market-cap-reality-check-as-ev-winter-sets-in","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tesla-gets-94-billion-market-cap-reality-check-as-ev-winter-sets-in\/","title":{"rendered":"Tesla gets $94 billion market cap reality check as EV winter sets in"},"content":{"rendered":"<p>Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk\u2019s electric vehicle maker off to its worst start to any year \u2014 ever. <\/p>\n<p>The company has lost more than $94 billion in market valuation in just the first two weeks of 2024. It\u2019s not hard to figure out why, as the Austin, Texas-based EV maker has been pounded by a barrage of negative news: an about-face on EVs from the car rental giant Hertz Global Holdings Inc., yet another price cut for its cars made in China, and signs of rising labor costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk\u2019s electric vehicle maker off to its worst start to any year \u2014 ever. The company has lost more than $94 billion in market valuation in just the first two weeks of 2024. It\u2019s not hard to figure out why, as the Austin, Texas-based EV maker has been pounded by a barrage of negative news: an about-face on EVs from the car rental giant Hertz Global Holdings Inc., yet another price cut for its cars [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-627957","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=627957"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627957\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=627957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=627957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=627957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}