Why Tesla Stock Is Slumping Today
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Tesla's stock (TSLA) is experiencing a decline of 3.3% after a recent recovery of over 40%. Investors are concerned about disappointing EV sales, particularly in China, where registrations fell 26% in April and early May. This follows a 13% drop in deliveries in Q1, attributed to a refresh of the Model Y. The upcoming sales data from the China Passenger Car Association is critical, as continued poor performance could lead to further stock declines.
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