- 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.