AMTD Digital issues 'thank you note' to investors as shares trade around 23,650% above IPO price

Shares of Tesla Inc.
TSLA,
-3.90%

fell 3.8% in afternoon trade, adding to a 3.6% decline in the previous session and putting them in danger of their first close below $200 in 17 months. Investors in the electric vehicle giant may be concerned that Tesla CEO Elon Musk will be distracted, given all the moves he makes as the new owner of Twitter, as they did when Musk first bid to buy the social media company. Shares of some other electric car makers also sold off, such as Nikola Corp
NKLA,
-3.38%

down 2.7% and China-based Nio Inc
NIO,
-5.52%

lost 5.8%, while shares of XPeng Inc
XPEV,
+1.02%

gained 0.6%. Tesla shares that did not close below $200 on a separately adjusted basis as of June 16, 2021, has sunk 30.7% over the past three months, while the S&P 500
SPX,
+1.02%

has lost 8.2%.

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