Shares of Tesla fell on Monday after a report hinted at a 20% decrease in Model Y production at the electric automaker's facility in Shanghai, China's largest city.
Wedbush Securities managing director Dan Ives tells 'Varney & Co.' why he tempered Tesla expectations for Q4 and cut his price target., Tesla’s share price backpedaled nearly 7% on Monday as institutional investors begin keeping an eye on global demand.
Edward Moya, senior market analyst for Oanda, told FOX Business that the cut in production is "scaring some investors into believing the outlook is going to get worse if they shift production outside the country." Tesla Model Y and Model 3 electric vehicles, which will be sent to the Port of Zeebrugge in Belgium, wait to be loaded on board the roll-on-roll-off cargo vessel Theben at Nangang port on May 15, 2022 in Shanghai, China. in the domestic market.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Asia shares pin hopes on China opening, oil ralliesAsian shares edged higher as investors hoped China's COVID restrictions would ease.
Leer más »
Indian shares set to rise on China opening hopesIndian shares are set to track Asian equities higher on Monday, as China's unwinding of pandemic restrictions raised hopes of an improved global growth outlook.
Leer más »
Asia shares bank on China opening; oil climbsAsian shares extended their rally.
Leer más »
Tesla Sold 100,291 China-Made EVs In November, A New RecordIn the first 11 months of this year, Tesla's Gigafactory Shanghai delivered more than 650,000 vehicles, far exceeding last year's total of 484,130.
Leer más »
Tesla China denies media reports of output cut at Shanghai plantTesla on Monday said media reports which said its plant in Shanghai would cut December output of its Model Y were 'untrue'.
Leer más »
Tesla China Sets Sales Record In November, Plans Production Cut In ShanghaiTesla sold a record number of cars produced at its factory in Shanghai, China last month but there may be trouble ahead.
Leer más »