OREANDA-NEWS  Elon Musk's Tesla company lost a third of its value for the third time in a year. The company's market capitalization collapsed by nearly 300 billion dollars. This information is reported by Market Watch agency.

On March 8, 2021, Tesla shares declined for the fifth trading session in a row to 563 dollars, having lost about 21 percent over this period. Peak level of securities was on January 26, when capitalization rose to nearly 850 billion dollars.

One of the reasons for the fall in the company's stock in recent years is the global shortage of chips, which has affected the supply of automakers. Tesla has temporarily suspended production of its most popular model, the Model 3, at its California plant. In general, over the past 12 months, the value of the auto giant's shares soared more than 4.6 times.

Tesla founder Elon Musk lost his status as the richest man in the world on February 23. Then his fortune fell by 15 billion dollars per day. The reason for this could be the comment of the entrepreneur about the price of bitcoin. He expressed the opinion that prices for cryptocurrencies are at an inflated level. At the same time, two weeks before publication, Tesla announced that it had acquired bitcoins in the amount of 1.5 billion dollars.