Tesla's dramatic decline suffers historical loss

The largest American bank, JPMorgan, reports the dramatic decline in Musk's Tesla's value, and that it is a historical loss of value, such as the automobile industry has never seen before.

JPMorgan said Tesla lost $1 127 billion in a single day this week as CEO politics get more toxic from day to day.

The bank's report cut its Tesla vehicle delivery forecast for the first quarter from 44,000 to 355,000, a 20% drop reflecting hundreds of billions of dollars that Musk's electric vehicles company has lost in just a few months.

Forbes writes that Musk's political activity is the main reason for this.

JPMorgan writes that the situation in Europe is even worse because of Musk's close relationship with Russian President Putin, the distance from Ukraine and anti-standings - NATO.

All of this is damaging Musk's reputation, and the Tesla new vehicle records in Europe dropped by 50% in January compared to January last year./Periscopi/