Tesla stock falls 6% this week as slowing EV market hits sales, pricing, and its future strategy Yahoo Finance
News Source : Yahoo Entertainment
News Summary
- Tesla shares slipped 3
- 6% on Friday, capping a week that saw its stock lose nearly 6% with waning EV demand hitting sales
- On Friday, Reuters reported Tesla had canceled plans to build a long-awaited, sub-$30,000 EV, sometimes dubbed the Model 2
- CEO Elon Musk said on X, the social media platform he also owns, that Reuters was "lying (again)
Tesla shares slipped 3.6% on Friday, capping a week that saw its stock lose nearly 6% with waning EV demand hitting sales and a potential future product change pressuring shares to end the week.On [+4409 chars]