Tesla

2024 - 3 - 5

Tesla Faces Setback in China: Stock Price Plummets Amid Sales Decline

arson attacks - China - electric vehicles - Germany - production halts - stock market - Tesla

Tesla hits a speed bump as China sales drop, causing stock to plummet. What's next for the EV giant?

Tesla, the electric vehicle powerhouse, experienced a rough ride as its shares took a sharp 7% dive following a significant decrease in sales in the Chinese market. The decline in February sales, particularly during the Lunar New Year period, contributed to the stock's downward spiral. This setback comes amidst pricing adjustments and slowing shipments in China, posing challenges for Tesla in one of its key markets.

The market sentiment further soured as Tesla's stock reached new lows, signaling potential troubles for the EV giant. The impact of the lower-than-expected deliveries from its China Gigafactory in Shanghai added fuel to the fire, intensifying concerns about Tesla's performance in the competitive Chinese EV landscape. The company's strategic moves in response to the sales slump, including price cuts and discounts, have yet to fully restore investor confidence.

In a surprising turn of events, Tesla's China shipments plunged to the lowest level in over a year, with only 60,365 vehicles shipped from its China factory in February. This sharp decline raised questions about Tesla's sustainability in the Chinese market and its ability to regain momentum after the challenging period. As the EV stalwart navigates through the aftermath of the sales slump, all eyes are on how Tesla will innovate and adapt to regain its foothold in the ever-evolving automotive industry.

With Tesla's stock enduring a rollercoaster ride and facing uncertainties in the Chinese market, the company's resilience and strategic decisions will be crucial in steering it towards brighter horizons. As the competition heats up and market dynamics shift, Tesla's ability to adapt and innovate will be essential in maintaining its position as a leader in the global electric vehicle sector.

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Image courtesy of "Reuters"

Tesla shares skid after China sales fell to the lowest level in over a ... (Reuters)

Shares in Tesla fell more than 7% on Monday after its sales declined in February in China, where it likely faced a slowdown during the Lunar New Year ...

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Image courtesy of "Yahoo Tech"

Tesla stock tumbles 7% as shipments slump, new price cuts ... (Yahoo Tech)

Tesla shares dropped to new multi-week lows as slowing China shipments, and new price cuts there, hint at troubles for the EV stalwart in the world's ...

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Image courtesy of "Investopedia"

Tesla Stock Tumbles More Than 7% After China Gigafactory ... (Investopedia)

Tesla shares dropped Monday after the electric vehicle maker reported lower-than-expected deliveries from its China Gigafactory in Shanghai.

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Image courtesy of "Nikkei Asia"

Tesla shares skid after China sales slump in February (Nikkei Asia)

SAN FRANCISCO (Reuters) -- Shares in Tesla fell more than 7% on Monday after its sales declined in February in China, where it faced rising competitio.

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Image courtesy of "Morningstar.com"

Tesla's stock slides 5% after fresh volley of price cuts and discounts ... (Morningstar.com)

By Claudia Assis. Tesla discounts in China include insurance and financing. Shares of Tesla Inc. fell more than 5% Monday amid a fresh round of discounts ...

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Image courtesy of "Caixin Global"

Tesla China Shipments Plunge to Lowest in More Than a Year ... (Caixin Global)

The U.S. automaker shipped 60,365 vehicles from its China factory in February, according to preliminary data released Monday by China's Passenger Car ...

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Image courtesy of "WION"

Tesla shares plunge over 7 per cent as China sales decline: Report (WION)

Tesla's shares experienced a drop of more than 7 per cent on Monday following reports of a decline in sales in China for February. The dip in sales in its ...

UPDATE 1-Tesla plant in Germany without power after suspected ... (Yahoo Finance)

Tesla's Gruenheide plant in Germany was left without electricity and had to halt production after a suspected arson attack by environmental activists set an ...

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Image courtesy of "Investopedia"

S&P 500 Gains and Losses Today: Tesla Shares Tumble Amid ... (Investopedia)

The S&P 500 fell 0.1% on Monday, March 4, 2024, retreating from its record high ahead of this week's testimony from the Federal Reserve chair and the latest ...

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Image courtesy of "CNBC"

Tesla's Berlin plant halts production after suspected arson attack at ... (CNBC)

Tesla' logo is seen on the Tesla factory building in Berlin, Germany on February 22, 2024. In the southeastern outskirts of Berlin, within the Grunheide ...

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Image courtesy of "Reuters"

Tesla's German plant halts production after suspected arson nearby (Reuters)

Tesla's European Gigafactory near Berlin halted production and was left without power after suspected arson set an electricity pylon ablaze in a field close ...

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Image courtesy of "CNA"

Area around Tesla's German plant without power after pylon fire (CNA)

BERLIN: An electricity pylon caught fire near Tesla's German plant on Tuesday (Mar 5), police said, knocking out power in the area.

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Image courtesy of "BBC News"

Tesla factory in Germany halts production after suspected arson (BBC News)

The factory, near Berlin, has been the subject of protests by environmental activists.

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Image courtesy of "Voice of America"

Tesla's German Plant Halts Production After Suspected Arson Nearby (Voice of America)

Tesla's European Gigafactory near Berlin halted production and was left without power after suspected arson set an electricity pylon ablaze in a field close ...

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Image courtesy of "CNA"

Tesla's German plant halts output after suspected arson nearby (CNA)

BERLIN: Tesla's European Gigafactory near Berlin halted production and was left without power after a suspected arson attack set an electricity pylon ablaze ...

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Image courtesy of "Reuters.com"

Letter claims Tesla fire in name of militant leftist group (Reuters.com)

A letter claiming the suspected arson attack on Tesla's car factory outside Berlin in the name of a far-left militant group calling itself the "Volcano ...

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Image courtesy of "CNN"

Tesla's giant Berlin factory without power after arsonists attack ... (CNN)

Power supply to Tesla's factory near Berlin has been cut following an arson attack on a high-voltage electricity pylon nearby, a German official said ...

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Image courtesy of "CNA"

Tesla's German plant halts output after suspected arson nearby (CNA)

BERLIN/FRANKFURT: Tesla's European Gigafactory near Berlin halted production and was left without power after a suspected arson attack set an electricity ...

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Image courtesy of "The Business Times"

Tesla Germany halts work as Musk calls suspected arson 'extremely ... (The Business Times)

TESLA'S European Gigafactory near Berlin halted production and was left without power after what CEO Elon Musk called an “extremely dumb” suspected arson ...

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Image courtesy of "Financial Times"

Tesla evacuates German plant after suspected arson attack triggers ... (Financial Times)

Activist organisation claims responsibility for 'sabotage' that set fire to nearby electricity pylon.

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Image courtesy of "The Guardian"

Tesla accuses Australian car lobby group of making 'false claims ... (The Guardian)

Exclusive: Electric car company says Federal Chamber of Automotive Industries is running a 'concerted public campaign' by suggesting plan would push up ...

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Image courtesy of "CBS News"

Tesla's Giga Berlin plant in Germany evacuated as suspected arson ... (CBS News)

German officials say an electricity pylon near Tesla's Giga Berlin plant was likely deliberately set on fire, cutting power to the factory and surrounding ...

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Image courtesy of "CNBC"

Tuesday's analyst calls: Nvidia a top AI pick, Tesla cutting prices too ... (CNBC)

Nvidia and two electric vehicle makers were in focus in the analyst chatter for Tuesday.

GT Voice: Politicians' bias against Chinese EVs foretells Tesla's ... (Global Times)

The recent slump in Tesla's shares has raised concerns about its challenges, which come from both increasing market competition and American politicians' ...

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Image courtesy of "Aljazeera.com"

Far-left group claims attack on Tesla factory in Germany (Aljazeera.com)

Production halted at electric vehicle plant in Brandenburg after suspected arson attack causes power outage.

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Image courtesy of "The Guardian"

Leftwing group claim responsibility for Tesla factory arson attack in ... (The Guardian)

Vulkan activist group release 2500 word letter claiming it set fire to pylon at factory that produces half a million electric cars a year.

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Image courtesy of "Insurance Business"

Tesla Insurance hits nearly half a billion in premiums (Insurance Business)

Which is why Elon Musk probably hasn't lost any sleep after Tesla announced its 2023 insurance figures. Overall, the numbers look impressive – $497 million in ...

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Image courtesy of "Bloomberg"

Tesla China Shipments Plunge to Lowest in More Than a Year (Bloomberg)

Tesla Inc. shipments from its factory in Shanghai slumped to the lowest in more than a year amid a Lunar New Year holiday sales lull and renewed price ...

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Image courtesy of "Taipei Times"

Tesla German plant halts production after attack claimed by far-left ... (Taipei Times)

Tesla Inc halted production at its German factory yesterday after high-voltage lines supplying the carmaker's only European plant were set on fire in an act ...

Tesla, Inc.'s Stock Price Plummets to $188.14, Reflecting a Sharp ... (Smartkarma)

Tesla, Inc.'s stock price stands at 188.14 USD, experiencing a downtrend with a 7.16% decrease this trading session on a high trading volume of 134.33M. The ...

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Image courtesy of "USA TODAY"

Tesla price cuts rattle EV stocks as Rivian and Lucid face market ... (USA TODAY)

Tesla is giving $5000 of incentives in China, which shows the price war is far from over.

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Image courtesy of "Reuters India"

The 'Volcano group' claiming the arson near Tesla's German plant (Reuters India)

A far-left militant group calling itself "Vulkangruppe Tesla Abschalten", or "Volcano group shutting down Tesla", has claimed responsibility for the ...

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Image courtesy of "Livemint"

Elon Musk's Tesla halts production at German factory after ... (Livemint)

Burning of electrical cables at Tesla's German factory leads to production halt and power outage. Far-left group claims responsibility for sabotage, ...

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Image courtesy of "The New York Times"

Tesla Halts Production in Germany After Suspected Arson (The New York Times)

Police believe the blaze at a high-voltage power pylon had been deliberately set, amid turmoil over the automaker's plans to expand its assembly plant near ...

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