Apple and Tesla stocks tumble amid supply issues

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Apple and Tesla stocks have tumbled over growing concerns about delays in their production lines in China.

Apple shares hit their lowest point since June 2021. Tesla’s stock has dropped 73% from a record high in November 2021.

Companies have struggled to keep production going in China due to Covid restrictions and weeks of lockdowns.

Investors have also raised concerns about Tesla chief executive Elon Musk, who has repeatedly made controversial headlines. He took over Twitter in October after a drawn-out legal battle and since then, Mr Musk has focused a significant amount of his time on running the social media platform. Some have cited his alleged distraction during this time as another reason for the fall in Tesla’s share price.