$Tesla Motors(TSLA)$ Tesla shares have roughly halved this year, worse than most of the EV maker’s big peers in both the auto and tech industries. Much of the underperformance has come in the past three months, amid two broad concerns. One is that demand for its products is no longer racing ahead of increasing supply,particularly in China. The other relates to risks surrounding Chief Executive Elon Musk’s purchase of Twitter, which came together in October.

The past week has been particularly bad for demand worries. Following earlier news that the company has been cutting prices and offering sales incentives in China, Bloomberg and Reuters reported that it was planning to trim production at its Shanghai factory. Tesla denied the reports, but Bloomberg followed up with details of shorter production shifts.

# 💰 Stocks to watch today?(17 May)

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  • BenGI
    ·2022-12-12
    more fud ahead i presume..
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  • HongHong14
    ·2022-12-12
    ok
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  • Derrick3388
    ·2022-12-12
    ya
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  • Mumaizah
    ·2022-12-12
    ok
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  • 不怕死
    ·2022-12-12
    Thanks
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  • kwc
    ·2022-12-12
    ol
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  • LGC1956
    ·2022-12-12

    Ok

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  • BenYSLim
    ·2022-12-12
    Thanks
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  • Domiqta
    ·2022-12-12
    Ok
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  • Godchok
    ·2022-12-12
    Ok
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  • Tiramisu2020
    ·2022-12-12
    good sharing
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