2/23, 11:51 AM (Source: TeleTrader)
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Chart for: Tesla

Tesla plummets over 7% in premarket

Shares of Tesla Inc. dropped over 7% in premarket trade on Tuesday, continuing a downward trend. A report claimed that the company decided to stop taking orders for the cheapest version of its electric SUV Model Y. Meanwhile, CEO Elon Musk announced that Tesla's solar roofing will be available in Canada later this year.

Tesla's stock lost 7.21% ahead of the market open, selling for $714,50 at 5:51 am ET.

Breaking the News / DJ