It’s only Tuesday, and yet Tesla (TSLA) stock is already down 9.2% this week.
Tesla has lost over $147 billion in market cap in the past three sessions. Tariffs and trade war talk could hurt Tesla more than many other stocks. Demand for Tesla vehicles in January took a major hit, although Model Y Juniper may be at fault. Cratering
shares have given up 12.2% or $147 billion in market cap. Despite being a member of the Trump administration, or maybe because of it, CEO Elon Musk’s pioneering electric vehicle concern is at the receiving end of a flurry of headlines and trends shaped like daggers. Last Friday, the China Passenger Car Association reported that taken together, Model Y and Model 3 vehicles produced in China had seen shipments fall 12% YoY and 33% MoM. Deliveries in China have now dropped for four months straight.
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