Tesla shares fell by the most in three weeks, sitting out of the broader market’s advance, after electric-vehicle sales figures showed a loss in global market share for April. The Wall Street Journal also reported that US regulators warned Tesla last year that chief executive Elon Musk’s tweets had twice violated a court order. Tesla shares also missed out on a two-day rally that lifted other electric-car stocks. Tesla’s global market share decreased to 11 per cent in April from 29 per cent in March, likely marking the lowest such reading since January 2019, according to Credit Suisse analyst Dan Levy. That marks a shift from 2020, when the shares soared more than eightfold as investors plowed into growth stocks.

Source: The Irish Times June 03, 2021 06:52 UTC