Shares of Tesla (TSLA) fell on Monday as the EV maker's shipments fell in February as it announced price cuts in China. Shares of Ford (F) have risen as US sales for the company rose 10.5% year-over-year for the month of February. Yahoo Finance Reporter Pras Subramanian joins the Live show to discuss the the latest developments for these companies and what it could mean for them going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Tesla shares dropped to new multi-week lows as slowing China shipments, and new price cuts there, hint at troubles for the EV stalwart in the world’s largest car market.
Tesla's Gruenheide plant in Germany was left without electricity and had to halt production after a suspected arson attack by environmental activists set an electricity substation ablaze early on Tuesday, the BZ newspaper reported on Tuesday. Tesla was not immediately available for comment.