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Tesla Shares Short-Circuit After Dropping Price Of Chinese Model

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Business Insider reports Tesla is lowering the price of certain Model 3 sedans in China by up to 7.6%. The electric car company made the announcement Sunday. The starting price for a Model 3 in China is now $72,000, and on Monday, Elon Musk's company shares began sliding, down 2.61% at $312. In early August, shares had rallied to more than $387 a share after Musk tweeted he was considering taking the company private at $420 a share.

Added on the 24/12/2018 09:47:30 - Copyright : Wochit

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