Rip $TSLA bagholders

Shares of Tesla fell sharply on the first trading day of 2023 after the electric car maker reported disappointing fourth-quarter delivery figures, fueling investor concerns about the company's demand and keeping its stock under pressure. The company's stock has just experienced its worst annual performance on record.

Tesla's shares closed down 12 per cent at $108.10 on Tuesday, the biggest drop in more than two years and the lowest closing price since August 13, 2020, respectively. Tesla shares have fallen a cumulative 65 per cent in the last year and the company's market value has now evaporated by more than $950 billion since the stock peaked in November 2021.