Tesla No Bull In A China Shop; Stock Falls With Sales

By | January 14, 2015

Scalper1 News

So China is not turning out to be the hot market that Elon Musk hoped. At least not yet. Tesla Motors (TSLA) stock fell more than 7% after hours in the stock market today. In the afternoon CEO Musk told a Detroit Auto Show audience that China sales of the electric Model S were unexpectedly weak in Q4, and vowed to fix issues, according to reports. He also noted that the planned Model 3, to be built after the Model X, will have a $35,000 price tag Scalper1 News

Scalper1 News