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Panasonic cuts its battery unit's operating profit forecast by 15% for the full financial year, citing lackluster demand for Tesla's Model S and Model X cars. The company's automotive batteries operations have fallen to their first loss in three quarters. The news has raised concerns about weakening demand for electric vehicles, with shares of Tesla dropping 5% and wiping out nearly one-fifth of their value in less than two weeks.
(Bloomberg) - Tesla Inc. shares are set to wipe out nearly one-fifth of their value in less than two weeks amid growing concerns that demand for electric cars is starting to weaken $TSLA @business https://t.co/pfUtKEBEbr
Tesla Erases $145 Billion in Valuation on Demand Woes https://t.co/gRXpC32DOm
Tesla shares are set to wipe out nearly one-fifth of their value in less than two weeks amid growing concerns that demand for electric cars is starting to weaken. https://t.co/LHBfO9zRBD
Tesla hits 5-month low, down 20% from Q3 earnings, amid fading EV demand https://t.co/ZTW0oMBF9M
Tesla shares are set to wipe out nearly one-fifth of their value in less than two weeks amid growing concerns that demand for electric cars is starting to weaken. https://t.co/RiKlo4R2A3
$TSLA (-1.4% pre) Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report - CNBC https://t.co/lqtGc7NnwX
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report https://t.co/ZC2Og60sSi
Car Companies Are Suddenly Super Worried About the Future of EVs https://t.co/RA3ffvfy6A
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report https://t.co/jdW953hFGJ
Tesla falls as production cut by battery supplier Panasonic fans EV demand fears https://t.co/oJNb2zmUFE https://t.co/AOg5bc70zG
TESLA FALLS AS PRODUCTION CUT BY BATTERY SUPPLIER PANASONIC FANS EV DEMAND FEARS (Reuters) Shares of Tesla fell about 5% on Monday after key supplier Panasonic Holdings said it cut automotive battery production in the September quarter, cementing concerns of a global slowdown in… https://t.co/VYEWhmn002 https://t.co/xNLABC64sd
Tesla's stock dropped 5% today, here's why https://t.co/8Ki9uLeNot
$TSLA closed below $200, hitting a five-month low. What's weighing on the stock? 1️⃣ Battery supplier Panasonic cut production in Japan & guided its annual profit forecast down 15% 2️⃣ Chipmaker ON Semiconductor reported weaker-than-expected profit & revenue guidance https://t.co/qxDde8iQu4
Tesla stock drops below $200, hits 5-month low as a tough October rolls on https://t.co/WeLwepTvkj by @Pras_S
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report https://t.co/Va8s4oYPHj
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report https://t.co/5mn1hS95MC
Americans aren't buying electric vehicles: "We continue to hear that the EV market is starting to really slow, the demand is starting to slow." https://t.co/OgevnjNyyc
Shares of On Semiconductor fall 20% as fourth-quarter guidance disappoints Wall Street https://t.co/SkL8rID8Q0
Shares of On Semiconductor fall 20% as fourth-quarter guidance disappoints Wall Street https://t.co/LbQ5ynMbIG
Tesla falls as production cut by battery supplier Panasonic fans EV demand fears https://t.co/i98JEjGXg8 https://t.co/Txjlb8V2qT
Panasonic's EV batteries tumble to their first loss in three quarters on lackluster demand for Tesla's Model S and Model X cars https://t.co/nZYeUtVC80 Future failure of industrial policy. How many battery companies do we need? Why do we subsidize them?
Auto makers have been warning for weeks about weak demand for electric vehicles. https://t.co/PEoDOs3nIH
Panasonic cuts battery unit's profit outlook, warns on high-end EV sales https://t.co/BRuEYZN6Co https://t.co/8dTBanrRTt
Onsemi forecasts weak fourth quarter on slowing demand for electric vehicles https://t.co/MxciUIDYD5 https://t.co/y5UGcppI06
Panasonic EV batteries tumble to loss on tempered Tesla demand https://t.co/gFheT694Lz via @business
Panasonic slows battery production amid weaker EV business, but Tesla looks good https://t.co/zmOxmmyvda by @fredericlambert
(Bloomberg) - Panasonic Holdings Corp.’s automotive batteries operations fell to their first loss in three quarters on lackluster demand for Tesla Inc.’s Model S and Model X cars. @business $TSLA https://t.co/HWIVSB1yQw
Panasonic's EV batteries tumble to their first loss in three quarters on lackluster demand for Tesla's Model S and Model X cars https://t.co/FFLum6tzdq
Panasonic cuts battery unit's profit outlook, warns on high-end EV sales - Reuters https://t.co/rbUOSZs2GK
Panasonic cuts battery unit's profit outlook, warns on high-end EV sales https://t.co/qXu8d8u3H1 https://t.co/9fsJj9CN9V
Panasonic cuts battery unit's profit outlook, warns on high-end EV sales https://t.co/cLWTrSJAFF https://t.co/QADmVLB0fy
5 Reasons Why Electric Vehicle Sales Have Slowed https://t.co/VusuUwAs6z
⚠️ PANASONIC CUTS BATTERY UNIT'S OPERATING PROFIT FORECAST BY 15% FOR FULL FINANCIAL YEAR Full Story → https://t.co/oMMH6KX8fM https://t.co/DW6k8tzvNC