2/22, 7:49 PM (Source: TeleTrader)
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Tesla stock falls over 4% after removing Model Y from store

The stocks of US electric carmaker Tesla Inc. dropped on Monday by over 4% after the company stopped taking orders for the cheapest version of the Model Y Standard Range sport utility vehicle.

Model Y was launched just a month ago and its price was cut a week ago. Tesla first introduced this version of the Model Y Standard Range RWD with a 244-mile range in 2019. Last week, Tesla cut the price by $2,000 to $39,990.

Tesla slid 4.80% to $743.96 at 1:46 pm ET.

Breaking the News / TF