8/21, 7:19 PM (Source: TeleTrader)
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Chart for: Tesla, Inc.

Tesla dips nearly 3% after Walmart lawsuit

Tesla Inc.'s shares dropped nearly 3% following a lawsuit filed by Walmart a day earlier, alleging that seven of the retail giant's stores caught fire from solar panels provided by Elon Musk's company. In the lawsuit filed in New York, Walmart said that "as of November 2018, no fewer than seven Walmart stores had experienced fires due to Tesla's solar system."

Tesla's shares slid 2.70% to go for $219.76 at 1:18 pm ET.

Breaking the News / GG