Tesla Shares Extend Losses on Demand Worries in China

Tesla Inc. shares fell 11.4 percent on Tuesday after a Reuters report that Tesla was planning to run a reduced production schedule in January at its Shanghai plant sparked worries of a drop in demand in the world’s biggest car market. The stock, which fell to its lowest in more than two years and had its worst day in eight months, was the biggest drag on the benchmark S&P 500 index and the tech-heavy Nasdaq index. It has lost more than half its value since the start of October as investors worry that Twitter was taking much of Chief Executive…

Source link : Tesla Shares Extend Losses on Demand Worries in China by The Epoch Times

You May Also Like

What You Need to Know About Evergrande

News Analysis The financial woes of Evergrande have rippled through global financial…

Australian Treasurer: National Interest Over Trade With China

Australian Treasurer Josh Frydenberg said on July 7 during an interview with…

Time for Vietnam to get cracking on CPTPP reforms

Author: Nguyen Anh Duong, Central Institute for Economic Management Following years of…

Aussie Iron Ore Miners Hit as Chinese Steel Production Wanes

Australian iron ore companies saw their share prices dive on Wednesday in…