[２７日 ロイター] – Tesla’s share price of US electric vehicles (EV) plunged 11.4% in trading on the 27th. A Reuters report that the company’s Shanghai plant plans to cut production in January next year has boosted concerns about a drop in demand in China.
Shares plunged to their lowest level in more than two years and posted the biggest drop in eight months. The stock fell to less than half of its early October level amid growing concerns among investors that CEO Elon Musk is spending too much time managing Twitter and his sale of Tesla shares.
The reduction in production at the Shanghai plant comes amid the spread of the new coronavirus in China.
Great Hill Capital chairman Thomas Hayes said, referring to the lowering of delivery forecasts by Chinese electric vehicle maker NIO, “there is definitely uncertainty around demand.”
He said Tesla’s shares are facing a “worst-case scenario” of high interest rates, losses by investors to avoid taxes and sales by some funds.
Prices for used Tesla cars are falling faster than other automakers, squeezing demand for new Tesla cars, according to an analysis by Reuters.
