Tesla Sinks on Weak China Registrations Before Brunt of Virus
- Registrations dropped 46% in January from December, data shows
- Model 3 maker’s stock trades down as much as 6.8% at the open
A worker walks past gates at the Tesla Inc. Gigafactory in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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Tesla Inc. shares fell after China registration data indicated a significant sequential slowdown in demand before the electric-car maker started feeling the brunt of any impact from the coronavirus.