coming down Tesla In the stock market, this is due to the widespread punishment of technology stocks due to the global economic uncertainty resulting from the Russian invasion of Ukraine, and the distraction caused by the Twitter purchase of the Tesla CEO, Elon Muskwhich led to strong criticism from shareholders.
In addition, to fund the $44,000 million acquisition of the social network, the billionaire has sold nearly $23,000 million worth of Tesla shares since last April, when he launched the takeover bid, something that hit the electric manufacturer in the park.
fuel and record profits
Rather, the American oil giant Exxon MobilIt, the second most valuable company in the sector after state group Saudi Aramco, has taken advantage of rising hydrocarbon prices, due in part to the war in Ukraine and other geopolitical factors, to climb the stock market.
Exxon, which earned $42,990m in the first nine months of the year, tripled that in 2021 (which was already a great year for the oil business), and this year its value is up about 76%, to $445,000m. American (419,000 million US dollars). euro).
In this track record, Exxon has surpassed Tesla in capitalization for the first time since 2020.
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