Tesla Tesla Shares Extend Losses On Demand Worries In China Times Of (reuters) tesla inc shares fell 11.4% on tuesday after a reuters report that tesla was planning to run a reduced production schedule in january at its shanghai plant sparked worries of a drop in. "there's no question there are demand fears," great hill capital chairman thomas hayes said, citing a delivery forecast cut from chinese rival nio inc in the key market. hayes also added that tesla's stock was facing a "perfect storm" of high interest rates, tax loss selling and share sales by some funds that hold a significant amount of tesla stock. meanwhile, a reuters analysis showed that.
World Business Watch Tesla Shares Drop 11 4 Percent As Demand Worries Tesla inc shares fell 8% on tuesday after a reuters report that tesla was planning to run a reduced production schedule in january at its shanghai plant sparked worries of a drop in demand in the world's biggest car market. Tesla shares extend losses on demand worries in china. tesla has lost over half its value since the start of october as investors worry that twitter was taking much of chief executive musk's time. Tesla shares extend losses on demand worries in china the stock, which fell to its lowest in more than two years and had its worst day in eight months, was the biggest drag on the benchmark s&p. Brokerage china merchants bank international said in a report issued on tuesday that tesla average daily retail sales in china from dec 1 through dec 25 were down 28% from a year earlier. it said tesla recorded 36,533 retail sales in china from dec 1 through dec 25. the brokerage, which tracks week by week retail auto sales data in china as a.
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