After two crazy days in which the share price of Tesla rose by 19.9 and 18 percent respectively, the share price closed on Wednesday more than 17 percent lower to around $ 734.70 (about 668.70 euros). It is therefore the largest daily loss since 2012 for Tesla.
With the sharp fall in the share of Tesla, an advance that has started since the end of October has come to an end. Since the end of October, the value of the company has almost tripled. The stock price has been driven in recent months by, among other things, positive results and increased stock advice.
Wednesday comes to an end with news about a delay in the delivery of the ‘Chinese’ Model 3. The production of the factory in Shanghai is currently on hold due to the outbreak of the corona virus. According to a Tesla board member, production will be restarted on 10 February.
The first cars from the first Tesla plant outside the United States have been supplied to Chinese consumers since the beginning of January. The Elon Musk company wants to be able to carry out the entire production process in China in 2020.