Apple and Tesla shares have fallen sharply in price

16:56 - 28.12.2022

December 28, Fineko/abc.az. Shares of American companies Apple and Tesla have fallen sharply in price because of investors’ concerns about problems with the supply of components from China.

ABC.AZ reports that Tesla's share price fell to $109, which is 73% less than the company's record performance in November 2021.

The value of Apple securities dropped to $130, which was the lowest since June 2021.

Companies had difficulty maintaining production in China due to Chinese government's "zero tolerance" policy for COVID-19 and weekly lockdowns.

After the beginning of the abolition of many restrictions, they also face the personnel crisis at their enterprises.

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