10/2/2020, 6:12 PM (Source: TeleTrader)
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Tesla tumbles 5% despite delivery figures

Shares of Tesla Inc. plunged more than 5% on Friday despite news of vehicle deliveries in the third quarter of 2020 soaring 43% and beating the analysts' expectations.

Shortly after the data was released, a report emerged claiming that the automaker acquired German mechanical engineer company ATW Assembly & Test - Europe GmbH.

Tesla's shares dropped 5.10% at 12:09 pm ET, selling for $425.6.

Breaking the News / BU