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Tesla ramps up production in China

Yahoo Finance Video

Yahoo Finance's Brian Sozzi discusses Tesla production following COVID lockdowns in China.

Video transcript

BRIAN SOZZI: All right, taking a look at one stock that's hot on the Yahoo Finance platform, we were just talking about it, Tesla is under pressure as investors putting a little more focus on a 64% sales slump in July versus June. Tesla, of course, has been grappling with COVID lockdowns, including a two month closure in Shanghai that hit the car marker's second quarter profit margins. Those closures weighed on Tesla's performance as you can see in July as well. And now, Tesla shares have reversed course and they are under pressure.