Shares Tesla Inc.
slumped 2.8% toward a five-week low in premarket trading Thursday, putting them on track for a fourth straight loss, amid Wall Street concerns over Chief Executive Elon Musk’s leadership as he faces criticism related to his ownership of Twitter. The electric vehicle giant’s stock, which is on track to open at the lowest price seen since Feb. 1, has dropped 8.0% over the past three days, and tumbled 12.3% the past seven sessions in which it has declined six times. The stock has lost 15.
slumped 2.8% toward a five-week low in premarket trading Thursday, putting them on track for a fourth straight loss, amid Wall Street concerns over Chief Executive Elon Musk’s leadership as he faces criticism related to his ownership of Twitter. The electric vehicle giant’s stock, which is on track to open at the lowest price seen since Feb. 1, has dropped 8.0% over the past three days, and tumbled 12.3% the past seven sessions in which it has declined six times. The stock has lost 15.
Tesla removes steering wheels to lower production costs.
Tesla is likely to fall further. Sales in both US & China down. Competition more intense. Nothing new from Mr Twitter Elon Musk.