Shares of Tesla Inc.
dropped 5.0% in afternoon trading, enough to pace the S&P 500’s consumer discretionary sector’s losers, in the wake of reports the electric vehicle giant cut prices in China for the second time in two weeks. The selloff comes after the stock closed at a four-week high of $258.08 on Thursday. The stock has been on a bit of a roller coaster over the past few months. After soaring 66% in two months to close July 18 at a 10-month high of $293.34, it tumbled 26.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nutanix and Dell shares rally after results, while Broadcom's stock falls and more moving sharesEarnings news was boosting shares of Nutanix, Dell and Lululemon on Friday, with Broadcom lower on soft results and Tesla was slipping after price cuts in...
Source: MarketWatch - 🏆 3. / 97 Read more »
Nutanix, Centogene, Dell and MongoDB shares rally while Broadcom's stock falls and more moving sharesEarnings news was boosting shares of Nutanix, Dell and Lululemon on Friday, with Broadcom lower on soft results and Tesla was slipping after price cuts in...
Source: MarketWatch - 🏆 3. / 97 Read more »
Berkshire Hathaway Inc. Cl B stock outperforms market on strong trading dayShares of Berkshire Hathaway Inc. Cl B inched 0.77% higher to $361.06 Wednesday, on what proved to be an all-around favorable trading session for the stock...
Source: MarketWatch - 🏆 3. / 97 Read more »
Alphabet Inc. Cl A stock rises Wednesday, outperforms marketShares of Alphabet Inc. Cl A inched 0.97% higher to $135.88 Wednesday, on what proved to be an all-around great trading session for the stock market, with...
Source: MarketWatch - 🏆 3. / 97 Read more »
Apple Inc. stock rises Wednesday, outperforms marketShares of Apple Inc. advanced 1.92% to $187.65 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ...
Source: MarketWatch - 🏆 3. / 97 Read more »