Tesla Stock Falls. It’s All About China.

Electric vehicle maker


Tesla


cut prices in China, the largest market for new cars and electric vehicles on the planet. Investors are nervous.



Tesla


Chinese website on Sunday showed lower prices to buy Tesla vehicles. A Model Y, for instance, now starts at about 289,000 Chinese yuan (about $39,500). A little while ago, the Model Y started at about $43,000.

Source: https://www.barrons.com/articles/tesla-stock-price-drop-cut-china-51666598331?siteid=yhoof2&yptr=yahoo