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Tesla shares fall 4 percent despite China approval of Model 3 imports

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Chinese customs authorities are allowing Tesla to import the company's Model 3 sedans into the country, after reports had said the vehicles were being held due to irregularities, Reuters reported Tuesday, citing sources familiar with the matter.

The news that 1600 Tesla vehicles were being held was first reported by Chinese financial publication Caixin.This is a breaking news story. Please check back for updates.

 

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