Tesla’s stock drops as reported China price cuts signal continued economic concerns

Tesla Inc. reportedly has reduced prices on two models in China, where it faces stiff competition from rivals such as BYD Co. Ltd. and is grappling with a continued difficult economic backdrop.

Shares of Tesla were falling more than 3% in premarket trading Friday. Investors were also grappling with news of a temporary shutdown of production facilities in Germany.

www.marketwatch.com/story/tesla-reportedly-cuts-prices-of-two-models-in-a-tough-china-market-where-byd-rules-c4d15c94?mod=mw_latestnews

Tesla to Halt Production in Germany as Red Sea Conflict Hits Supply Chains

www.msn.com/en-us/money/companies/tesla-to-halt-production-in-germany-as-red-sea-conflict-hits-supply-chains/ar-AA1mRnIx

UN in Geneva shut down til today due to lack of funds]]

There is a global liquidity issue

www.brusselstimes.com/belgium/863803/un-temporarily-closes-geneva-headquarters-due-to-lack-of-funds

h/t Emeraldlight