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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian shares start 2023 marginally higher on metals boostIndian shares opened marginally higher on Monday, the first trading session of 2023, helped by an uptick in metals.
Read more »
European shares start 2023 on upbeat note on encouraging factory dataEuropean shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally.
Read more »
European shares start 2023 on upbeat note on encouraging factory data By Reuters*EUROPEAN STOCKS JUMP 1% TO START 2023 IN LIGHT HOLIDAY TRADE; U.S. STOCKS TO REMAIN CLOSED FOR NEW YEAR'S DAY -
Read more »
Oil stocks thrust London shares to positive 2023 startUK's exporter-heavy FTSE 100 jumped to a seven-month high on Tuesday as oil stocks rallied, with majors Shell and BP putting the broader energy sector on track for its biggest single day jump in six weeks.
Read more »
Tesla Starts 2023 With Multiple 'New Year' Incentives In ChinaThere was a question of whether Tesla's long list of incentives would only apply to the end of 2022. Now, the EV brand is offering more deals in China for 2023.
Read more »
Some analysts see a buying opportunity in Tesla for 2023 despite persistent demand pressuresSome analysts see a buying opportunity in Tesla in 2023 — though others think the car maker's recent deliveries miss spells trouble for the EV maker.
Read more »