Tesla Tumbles After Toyota Prices Electric RAV4 Near $50,000
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Tesla Motors Inc., the electric-car company led by Elon Musk, fell to the lowest price in more than three months after Toyota Motor Corp. said its RAV4 sport-utility vehicle with batteries and motor from Tesla costs twice as much as a gasoline version.
Tesla declined 7 percent to $30.19 at the close in New York, the lowest level since Feb. 1. The Palo Alto, California-based company plans to release first-quarter results tomorrow.