Tesla Motors crashed over 7% in morning trading after its investor day.
Elon Musk confirmed the electric-vehicle maker plans to build its fifth assembly plant in Monterrey, Mexico. The factory would produce Tesla's next-generation vehicle, a lower-priced car that was hinted at during the company's investor event on Wednesday. A lack of details during the presentation appeared to be sending the shares lower.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments