Tesla shares fall 7.6% following price cuts in China and Elon Musk’s promise to reimburse missed tax credits.

Monday was a tough day for the U.S. stock market, but Tesla shares were hit especially hard. The stock fell by 7.6 percent after Tesla cut the Model 3’s price in China and CEO Elon Musk promised to reimburse U.S. customers if they miss a tax credit deadline due to Model 3 shipment delays. Reuters…

via Tesla shares fall 7.6% following price cuts in China and Elon Musk’s promise to reimburse missed tax credits

Advertisements