Tesla shares drop on price cut, disappointing Model 3 deliveries

January 2, 2019 by  
Filed under News

Shares in Tesla Inc dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market Model 3 sedan.

Source: Reuters Business News

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