Tesla shares tumble below $150 per share, giving up all gains made over the past year
- Tesla's stock fell below $150 per share, erasing all gains from the past year, due to declining sales and discounts to attract buyers.
- The company's price cuts on models up to $20,000 impacted used electric vehicle values and profit margins.
- This marks Tesla's lowest stock price since January 2023, following a year of price reductions to combat competition and decreased demand.
Insights by Ground AI
Does this summary seem wrong?
0 Articles
0 Articles
All
Left
Center
Right
Coverage Details
Total News Sources0
Leaning Left5Leaning Right1Center5Last Updated12 days agoBias Distribution45% Left, 45% Center