Friday, April 12, 2024
English English French Spanish Italian Korean Japanese Russian Hindi Chinese (Simplified)

Elon Musk-led Tesla was knocked out of a key US stock index’s top 10 companies on Tuesday after its shares plummeted 11 per cent in just one session. Tuesday was Tesla’s seventh day on a losing streak, its longest since 2018. Elon Musk’s decision to halt production at Tesla’s Shanghai factory and reports of reduced output at its key production units are being cited as immediate reasons for Tesla’s nosediving shares.

Furthermore, reports that Tesla was offering individuals in the United States a $7500 discount for its two highest-volume models didn’t impress Tesla investors in addition to the signs of slowing demand.

Subscribe

* indicates required

The Enterprise is an online business news portal that offers extensive reportage of corporate, economic, financial, market, and technology news from around the world. Visit to explore daily national, international & business news, track market movements, and read succinct coverage of significant events. The Enterprise is also your reach vehicle to connect with, and read about senior business executives.

Address: 150th Ct NE, Redmond, WA 98052-4166

©2024 The Enterprise – All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept