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Tesla slips 25% in one week as coronavirus weighs on its China operations (TSLA)

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  • Tesla has shed 25% this week through Thursday’s close as the coronavirus outbreak weighs on the broader market.
  • On Thursday, Tesla slipped 13% when China vehicle registration data showed coronavirus has hurt demand, Bloomberg reported, citing China Automotive Information Net.
  • There could be further pain ahead of China’s struggling automotive industry and Tesla, which had to shut its Shanghai Gigafactory in early February due to the virus outbreak.
  • Watch Tesla trade live on Markets Insider.
  • on Business Insider.

Coronavirus has put an end to Tesla’s rapid rally that sent shares up more than 100% in just read more >>>

Source:: BusinessInsider.Com