Tesla stock dips after China EV sales fall 11%
Publishing timestamp: 2023-10-09 11:31:04
Summary
Tesla's China-made EV sales decreased by 10.9% year over year in September, leading to a 2% dip in Tesla's stock. The sales decline comes after the company announced lower-than-expected third-quarter vehicle deliveries. Tesla attributed the decline to planned factory upgrades and stated that its volume target for 2023 remains unchanged. The company also recently slashed prices for some of its Model 3 and Model Y vehicles in the US. Tesla will report its third-quarter earnings on October 18.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: tesla inc, united states, earnings, business news, electric vehicles, technology, breaking news: technology, china, autos, energy,
Source: https://www.cnbc.com/2023/10/09/tesla-stock-dips-after-china-ev-sales-fall-11percent.html