Tesla’s stock has begun to spiral, even before the release of its highly anticipated Model 3. The stock dropped 7.2 percent to $327.09, its lowest level in more than a month.
Tesla reigned atop all U.S. automakers for almost three months before the drop. As The New York Times reports, Tesla announced battery manufacturing problems had hindered production, even as big announcements on preparations for the highly anticipated Model 3’s assembly were being made.
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