Tesla stock drops following price cuts in China, production stoppage in Berlin

Tesla stock drops following price cuts in China, production stoppage in Berlin

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fell as much as 4% on Friday after the automaker announced new price cuts in China after shares fell Thursday following news the company would idle production at its Giga Berlin factory due to Red Sea-related supplier disruptions. After more than doubling in 2023, Tesla stock is down more than 12%…

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