10/23/2020, 4:31 PM (Source: TeleTrader)
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Tesla drops 4% after China recall

Shares of Tesla Inc plunged more than 4% on Friday after a report revealed that the carmaker will have to recall more than 29,000 Model S and X vehicles from the Chinese market.

California based automaker revealed on Thursday that it will up the price of its self-driving package's beta version by $2,000, but later announced that the price increase will come three days later than planned.

Tesla stock was 3.41% down at 10:34 am ET, selling for $410.92.

Breaking the News / BU