Tesla Inc. shares fell by the most in three weeks, sitting out of the broader market’s advance, after electric-vehicle sales figures showed a loss in global market share for April. The Wall Street Journal also reported that U.S. regulators warned Tesla last year that Chief Executive Officer Elon Musk’s tweets had twice violated a court order. Tesla shares also missed out on a two-day rally that lifted other electric-car stocks. Tesla’s global market share decreased to 11% in April from 29% in March, likely marking the lowest such reading since January 2019, according to Credit Suisse analyst Dan Levy. “Tesla can continue to do well, but it won’t be all of the market as so many are expecting."

Source: Mint June 02, 2021 20:15 UTC