Tesla shares down after surprise Model 3 price drop, store cuts

March 1, 2019 by  
Filed under News

Wall Street reacted nervously on Friday to Tesla Inc’s move to shut its network of high-end showrooms and launch a long-awaited cheaper version of its Model 3 sedan, as shares fell 8 percent and most analysts expressed concern over the company’s long-term margins.

Source: Reuters Business News

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