Tesla is not alone: 20 (and a half) other big stocks had their worst year on record

In the worst year for stocks since the Great Recession, several big names suffered their worst year on record in 2022.

The S&P 500 index
SPX
and Dow Jones Industrial Average
DJIA
both had their worst year since 2008, with declines of 19.4% and 8.8% respectively. But at least 19 big-name stocks — and half of another — tallied a more ignominious title for 2022, according to Dow Jones Market Data: Worst year ever.

Tesla Inc.
TSLA
had the worst year among the group of S&P 1500 constituents with a market capitalization of $30 billion or higher headed for record annual percentage declines. Tesla shares declined 65% so far this year, easily the worst year on record for the popular stock, which has only had one previous negative year since going public in 2010, an 11% decline in 2016.

Tesla barely outpaced another Silicon Valley company. Meta Platforms Inc.
META,
the parent company of Facebook, fell 64.2% as Chief Executive Mark Zuckerberg stuck to spending billions to develop the “metaverse” despite a stagnating online-advertising industry, which provides the bulk of his revenue. It is only the second year in Facebook’s history that the stock has declined, after a 25.7% drop in 2018, though shares did end Facebook’s IPO year of 2012 30% lower than the original IPO price.

Only one other stock contended with Tesla and Meta’s record declines this year, and Tesla CEO Elon Musk has some familiarity with that company as well. PayPal Holdings Inc.
PYPL,
where Musk first found fame during the dot-com boom, declined 62.2% as executives refocused the company on attracting and retaining high-value users instead of trying to get as many users as possible on the payments platform. It is be the second consecutive down year for PayPal, which had not experienced that before 2021 since spinning off from eBay Inc.
EBAY
in 2015.

No other companies that suffered their worst year lost more than half their value this year, though Charter…

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