Tesla Stock Pares Losses After Saying Fire From Collision
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Tesla Motors Inc.’s stock pared declines at the close yesterday after the electric-car maker said an Oct. 1 fire in one of its vehicles was caused by a crash.
Tesla fell 6.2 percent to $180.95 in New York. Earlier the shares tumbled as much as 9.1 percent after a picture of a Model S fire in Washington state was published by the Jalopnik website. The drop was the biggest one-day slide since July 16.