Tesla Stock Drops 7% as Chinese Delivery Numbers Cause Concerns
Tesla’s stock (TSLA) took a significant hit today, plunging by as much as 7% and wiping out billions of dollars in value. Many attribute this steep decline to the disappointing Chinese delivery numbers. Over the past few years, Tesla has heavily relied on the Chinese market for its growth, implementing price cuts and introducing new incentives to lure in buyers. However, these latest figures show a concerning downward trend.
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