Tesla shares are trading lower after the company's April sales of China-made vehicles reportedly fell 18% year over year.
Portfolio Pulse from Benzinga Newsdesk
Tesla's stock is trading lower following a report that its April sales of China-made vehicles decreased by 18% compared to the previous year.

May 07, 2024 | 11:26 am
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Tesla's reported 18% year-over-year decline in April sales of China-made vehicles has led to a decrease in its stock price.
The reported decline in sales is a significant indicator of Tesla's performance in the Chinese market, which is a critical region for its global expansion strategy. This news directly impacts investor sentiment and the perceived value of Tesla, leading to a decrease in its stock price.
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