June 18 - Tesla (NASDAQ:TSLA) shares fell nearly 4% on Tuesday after reports surfaced of a temporary production halt at its Austin, Texas facility, dampening investor sentiment ahead of the company’s highly anticipated Robotaxi launch. The stock has declined about 22% so far this year.
According to Business Insider, Tesla plans to suspend manufacturing of its Cybertruck and Model Y models for a week starting June 30. The company reportedly told employees the downtime would allow for maintenance and upgrades on the production lines. No details were provided on which areas may see output improvements.
Downvoted, dumb article. Tesla went down on Tuesday then made it mostly back on Wednesday. Closed today(Thursday). Will have to see on Friday which way it goes. It is still up for the week.
Yeah, a 4% swing is normal volatility for TSLA. Calling typical variation a plummet and attributing a cause is just projection on the author’s part.