Tesla has reduced its electric vehicle (EV) production at its plant in China due to slower sales growth in the EV market, adjusting amid increasing competition in the world's largest car market. The company has instructed employees at its Shanghai factory to lower the output of both the Model Y sport utility vehicle and the Model 3 sedan, moving to a 5-day workweek from the usual 6 1/2 days. As a result, Tesla's stock has experienced a decline, dropping 4% or $6.82 in pre-market trading to $166. This strategic move reflects Tesla's response to the challenges of maintaining sales momentum in the competitive Chinese EV market.
Tesla shares extend slump as China move highlights key demand risk https://t.co/k8uIQYtoqP
$TSLA (-4.0% pre) Tesla stock taking a hit after news breaks that they are trimming car output in China as EV sales growth slows Tesla instructed employees at its Shanghai facility to lower production of vehicles by working five days a week instead of the usual 6 1/2 days https://t.co/LHbJwSuror
Tesla trims output of cars in China amid slower EV sales growth, Bloomberg reports https://t.co/JNAFIHvEdY https://t.co/BHkU81hAci
$TSLA ❖ Tesla down 4% in pre-market at $166 after report of reduced China output Shares of Tesla are down 4% or $6.82 at $166 following a Bloomberg report that the company that the company has reduced electric car production at its plant in China amid sluggish sales growth…
$TSLA "Tesla slashed #China factory output" #Tesla has reportedly scaled back its electric vehicle (EV) production in China as it faces slower growth in the sales of new-energy vehicles and increased competition in the world's largest car market. https://t.co/hdef5KjICi
SCOOP: Tesla Trims Car Output in China as EV Sales Growth Slows via @business https://t.co/oRwOSqzKFf
$TSLA (-3.6% pre) Tesla trims output of cars in China amid slower EV sales growth, Bloomberg reports - Reuters https://t.co/7AuPu2znTY
Tesla reportedly trims car production at plant in China amid slower EV sales growth https://t.co/cJr2RKC7W2
Tesla $TSLA stock drops on report it slashed China factory output https://t.co/1uWoPJzjSe https://t.co/yyNXTAL20j
Tesla trims output of cars in China amid slower EV sales growth, Bloomberg reports https://t.co/ORQwIPcEq4 https://t.co/1sP9KWbrmh
Tesla trims output of cars in China amid slower EV sales growth The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan. https://t.co/rOtRVZOK9D
$TSLA TESLA TRIMS OUTPUT OF CARS IN CHINA AMID SLOWER EV SALES GROWTH
$TSLA | Bloomberg Reported Tesla Trims Output Of Cars In China Amid Slower EV Sales Growth
⚠️ TESLA TRIMS OUTPUT OF CARS IN CHINA AMID SLOWER EV SALES GROWTH, BLOOMBERG REPORTS Full Story → https://t.co/J0FH2NgO1P Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow… https://t.co/XMNauIQA8U
$TSLA Tesla Trims Output of Cars in China Amid Slower EV Sales Growth https://t.co/6nYWGfBSol
$TSLA | Tesla Trims Output Of Cars In China Amid Slower EV Sales Growth - BBG https://t.co/gFTRq9WBjB
Tesla reduces electric car production at its plant in China amid intense competition in the world’s biggest automobile market https://t.co/MZ4oTuYain
Global News | Tesla trims output of cars in China amid slower EV sales growth: Agencies https://t.co/ANHz65bSSx
Global News | Tesla trims output of cars in China amid slower EV sales growth https://t.co/R3alLBoH3t
TESLA TRIMS OUTPUT OF CARS IN CHINA AMID SLOWER EV SALES GROWTH.-BLOOMBERG $TSLA -1.4% IN PRE-MARKET
$TSLA | Reports Tesla Trims Output Of Cars In China Amid Slower EV Sales Growth
Reports Tesla Trims Output Of Cars In China Amid Slower EV Sales Growth
$TSLA Goldman Sachs reiterates Tesla as neutral Goldman lowered its price target on the stock to $190 per share from $220. “We are lowering our Tesla estimates to better reflect what we believe are both production (e.g. Model 3 ramp pace, and downtime in Berlin tied to the Red…
$TSLA Tesla: Goldman Sachs Cuts Target Price To $190 From $220