Tesla Drops Most Since March on Model 3 Quality and Demand Doubt

Tesla’s claims that Model 3 cars made on a tent-covered production line were of the same quality as those made inside the plant were questioned by Bernstein analyst Toni Sacconaghi, who also said reservations for the vehicles appeared to be stable to slightly down. Tesla shares fell 7.2 percent at the close, the biggest drop since March. Tesla’s two-day skid has erased more than $5 billion from the company’s market value, putting the company back below General Motors for the first time since June 25.