Tesla Stock Heads For Fifth Weekly Loss; Could China Price Hikes Stimulate Sales?

Source: investors.com investors.com

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Tesla (TSLA) stock is headed for its longest string of weekly losses since 2021 as the global EV giant ratcheted up China prices on its two most expensive models Friday. The price increases followed a drop in deliveries of China-made vehicles in April, compared to March. X Tesla delivered 75,842 vehicles made in China during the month of April, down nearly 15% from March, according to new data from the China Passenger Car Association (CPCA) Friday. The current data does not breakdown exports. Some industry analysts speculated that deliveries of China-made Teslas could have been driven lower in April by...