Tesla Slid Over 3% in Morning Trading Though It Denied the Rumor That It Will Cut Model Y Output at Shanghai Plant By Over 20%

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Tesla Slid Over 3% in Morning Trading Though It Denied the Rumor That It Will Cut Model Y Output at Shanghai Plant By Over 20%

Tiger Newspress2022-12-05

Tesla Motors slid over 3% in morning trading.

Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20% compared to November, two people with knowledge of the matter said on Monday.

However, the company said that the message was false.

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