+ 2.69
+ 1.88%

What's Up With Tesla's Stock Today?

May 11, 2021 9:27 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
What's Up With Tesla's Stock Today?

Tesla Inc (NASDAQ:TSLA) shares are trading lower by 6.4% at $588.70 in Tuesday's pre-market session after the company announced it has halted plans to expand its Giga Shanghai production over U.S.-China tensions, according to a Reuters report. The company's deliveries also dropped 27% month over month.

Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. Tesla also sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities.

Click here to check out Benzinga’s EV Hub for the latest electric vehicle news.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Related Articles

Why Tesla, Nio And Palantir Are Moving Today

Tesla Inc (NASDAQ: TSLA), Nio Inc - ADR (NYSE: NIO) and Palantir Technologies Inc (NYSE: PLTR) shares are trading higher by 1.2%, read more

Why Tesla Shares Are Moving Today

Tesla Inc (NASDAQ: TSLA) shares are trading higher by 1.6% at $619.65 Monday morning after Canaccord Genuity analyst Jed Dorsheimer maintained the EV maker with a Buy and lowered the price target from $974 to $812. read more

Why Is Tesla Stock Trading Lower Today?

Tesla Inc (NASDAQ: TSLA) shares are trading lower by 3.9% at $581.33 after The Information reported data showing China orders fell in May. read more

Why Tesla Stock Is Moving Today

Tesla Inc (NASDAQ: TSLA) shares are trading lower by 3% at $605.43 Wednesday afternoon after the company recalled some Model 3 and Model Y vehicles in the U.S. over the risk of loose bolts. read more