Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.

By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).

  • @Sanity_in_Moderation
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    131 year ago

    The cyber truck is an ugly joke. But the stock will hold up until there is another stylish and popular alternative.

    • @Earthwormjim91
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      71 year ago

      Uh, the Rivian and F-150 Lightning started deliveries years before the cyber truck. Both sell like crazy.

      • @[email protected]
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        21 year ago

        Yes but neither company has a competitor to the Model S, Y, or 3, which I believe are far and away the most popular models. Until there is legit competition in that space, Tesla will probably remain stable. More companies are getting there but it’s been very slow going.