Tesla Shares Drop as US Credit Downgrade Affects Markets

Reported about 14 hours ago

Tesla's stock fell at the start of the week following a broader market decline triggered by Moody's downgrade of U.S. credit ratings. Despite a positive trend over the past four weeks, recent disappointing sales and registration figures in Europe and China weighed on the electric vehicle maker. Shares were down over 2% in early trading on Monday and have declined roughly 16% since the year's beginning.

Source: YAHOO

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