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Why Tesla Stock Was Falling This Week

Why Tesla Stock Was Falling This Week

Week to date, shares of Tesla (NASDAQ: TSLA) were down 11% through Thursday's close, according to data provided by S&P Global Market Intelligence. The stock has been under pressure in recent months over worries about demand trends for electric vehicle amid a weak economy. Earlier this week, reports surfaced that the electric vehicle (EV) maker was cutting production of the Model Y at its Shanghai Gigafactory in China.