Tesla shares are trading lower following a report suggesting the company's China-made EV sales decreased in September.
Portfolio Pulse from Bill Haddad
Tesla's shares are trading lower due to a report indicating a decrease in the company's China-made EV sales in September.
October 09, 2023 | 2:11 pm
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Tesla's stock price is trading lower following a report of decreased sales of its China-made EVs in September.
The decrease in sales of Tesla's China-made EVs is a negative indicator for the company's performance in the Chinese market, which is a significant market for Tesla. This could lead to a decrease in the company's revenues and profitability, which is likely to negatively impact the stock price.
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IMPORTANCE 80
RELEVANCE 100