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.
Production at Tesla's electric vehicle plant near Berlin came to a standstill and workers were evacuated on Tuesday after a power outage that officials suspect was caused by arson. According to the Interior Ministry in the state of Brandenburg where the plant is located, unknown perpetrators are suspected of deliberately setting fire to a high-voltage transmission line. The early morning fire caused the power supply to fail to the surrounding towns, including Grünheide, where the Tesla factory is located.