Reported about 22 hours ago
Tesla shares fell over 4% amidst concerns of competition from Chinese EV maker BYD, which has launched a new ultra-fast charger capable of fully powering a vehicle in five minutes. Analysts have also lowered their forecasts for Tesla due to worries about its self-driving technology and robotaxi rollout, resulting in a year-to-date decline of more than 40% for Tesla stock.
Source: YAHOO