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The market apitalization of Tesla fell from about $1tr at the beginning of January 2022 to about 5330 bn at the end of anuary 2023

image text in transcribed The market apitalization of Tesla fell from about \$1tr at the beginning of January 2022 to about 5330 bn at the end of anuary 2023 in spite of car deliveries increasing by 40% year on year. Part of the drop was believed to be associated with the fact that Tesla's founder sold a substantial holding of shares in Tesla to fund his acquisition of Twitter. How consistent is this evidence with markets being efficient? Explain

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