7/5, 4:24 PM (Source: TeleTrader)
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Tesla falls over 3% after drop in deliveries

Tesla Inc. shares lost over 3% on Tuesday following the company's production and delivery report on Saturday. It stated that June was its highest vehicle production month so far, with 258,580 units manufactured in the second quarter in total. However, deliveries decreased for the first time in nine consecutive quarters and came to 254,695 vehicles.

Meanwhile, reports surfaced that the automaker will shut down its Gigafactory in Brandenburg for two weeks due to slow production.

Tesla shares fell by 3.84% at 10:23 am ET, going for $656.6 apiece.

Baha Breaking News (BBN) / DJ