Tesla Inc TSLA shares are trading lower by 6.4% at $588.70 in Tuesday's pre-market session after the company announced it has halted plans to expand its Giga Shanghai production over U.S.-China tensions, according to a Reuters report. The company's deliveries also dropped 27% month over month.
Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. Tesla also sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities.
Click here to check out Benzinga’s EV Hub for the latest electric vehicle news.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
