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Tesla Weighs on S&P 500 as Twitter Waffling, China Hit Stock

  • Shares are second-biggest weight on stock benchmark this week
  • Analysts see fewer vehicle deliveries than expected in 2Q
Tesla vehicles parked in a lot after arriving at a port in Yokohama, Japan.

Tesla vehicles parked in a lot after arriving at a port in Yokohama, Japan.

Photographer: Toru Hanai/Bloomberg
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Tesla Inc. is limping to the finish line, as the stock’s 14% decline this week makes it the second-biggest drag on the S&P 500 Index over the past five sessions, behind only Apple Inc. 

The issues facing the electric-vehicle maker’s stock are wide ranging. For starters, Tesla’s difficulties in China have become impossible to ignore, with multiple Wall Street analysts this week warning about the country’s disruptions weighing on Tesla’s results. The shares have also been caught up in the growth-stock selloff as investors shun risky assets amid soaring global inflation.