Shares of Tesla Inc. tumbled 10.3% in morning trading Tuesday, to start the year as the S&P 500’s biggest decliner, in the wake of the electric vehicle...
Shares of Tesla Inc.
tumbled 10.3% in morning trading Tuesday, to start the year as the S&P 500’s SPX biggest decliner, in the wake of the electric vehicle maker’s disappointing deliveries data. The selloff retraces 90.0% of the $14.08, or 12.9% bounce the stock enjoyed over the past three days, after closing last Tuesday at the lowest price since Aug. 13, 2020. Tesla’s deliveries miss comes despite China-based rivals Nio Inc. NIO and Li Auto Inc.
tumbled 10.3% in morning trading Tuesday, to start the year as the S&P 500’s SPX biggest decliner, in the wake of the electric vehicle maker’s disappointing deliveries data. The selloff retraces 90.0% of the $14.08, or 12.9% bounce the stock enjoyed over the past three days, after closing last Tuesday at the lowest price since Aug. 13, 2020. Tesla’s deliveries miss comes despite China-based rivals Nio Inc. NIO and Li Auto Inc.
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