Tesla shares continued to reel Tuesday amid investor concerns about a manufacturing slowdown at the electric car maker's factory in China.
to lead the social media platform, has liquidated billions in Tesla shares after pledging earlier this year not to sell the stock.on two of its top-selling models — the 2023 Model 3 sedan and Model Y SUV — to $7,500. Wedbush analyst Dan Ives said the move suggests consumer demand for the vehicles is softening amid mounting competition for electric cars.for people who buy an electric vehicle in 2023.
"At the same time that Tesla is cutting prices and inventory is starting to build globally in face of a likely, Musk is viewed as 'asleep at the wheel' from a leadership perspective for Tesla at the time investors need a CEO to navigate this Category 5 storm," Ives wrote in a research note on Tuesday after the latest dip in Tesla shares.
Shares of other electric vehicle makers also sank Tuesday, with shares of Rivian and Lucid Group each dropping more than 7% over concerns of weakening demand in China.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mainland China reports no new COVID deaths for Dec 25 -China CDCChina reported no new COVID-19 deaths in mainland for Dec. 25, the same a day earlier, the Chinese Center for Disease Control and Prevention said on Monday.
Read more »
Tesla extends shutdown at Shanghai plant amid COVID outbreak among workersPlanned eight-day production halt at largest worldwide plant by output has been extended, according to people familiar with the matter.
Read more »
China set to reopen borders, scraps Covid quarantinePeople in China rush to plan trips overseas after Beijing scraps mandatory Covid quarantine for overseas arrivals after almost three years of self-imposed isolation
Read more »
Japan to require COVID tests for all visitors from ChinaJapan will require COVID-19 tests for all visitors from China as a temporary emergency measure against the surging infections there after Beijing largely abandoned its “zero-COVID” policy.
Read more »
China to Open Borders as Covid-19 Cases RiseChinese leader Xi Jinping called on local officials to make any effort to save lives, his first public comments on the pandemic since China abruptly abandoned its stringent zero-Covid strategy in early December
Read more »
Japan to require Covid test for visitors from ChinaThe decision comes after Beijing announced that inbound travellers will no longer be required to quarantine on arrival from January 8 after three years of strict pandemic control.
Read more »