News Snapshot:
Tesla, Inc. TSLA shares have been under pressure since the start of the year amid the broader market rout. The weakness continued into June, even as most other stocks rebounded. Incidentally, the U.S.-listed Chinese electric vehicle stocks fared way better than their bigger rival. Musk Plays Spoilsport: Some of the Tesla weakness is attributable to the uncertainty surrounding the impact of the Giga Shanghai lockdown on June quarter production and financials. Giga Shanghai is a vital cog in Tesla's growth story. The factory not only produces roughly half of Tesla's output, it also supports margin expansion. Given the low cost...
