Trending: Tesla Shares Down After China Production Pause
December 27 2022 - 2:02PM
Dow Jones News
14:32 ET -- Tesla Inc. is one of the most talked about companies
in the U.S. across all news items in the last 12 hours, according
to Factiva data. Shares were down 8.4% to $112.73, on track for
their seventh consecutive daily decline, after the company
suspended car production at its Shanghai plant on Saturday.
According to a Wall Street Journal report, the beginning of a
scheduled halt took place a day earlier than originally planned.
The move follows a surge in Covid-19 cases in China and slower
demand for Tesla vehicles. Dow Jones & Co. owns Factiva.
(josh.beckerman@wsj.com)
(END) Dow Jones Newswires
December 27, 2022 14:47 ET (19:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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