9/23, 5:37 PM (Source: TeleTrader)
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Tesla shares drop over 7% after suing US government

Shares of Tesla Inc. dropped more than 7% on Wednesday after media in the United States reported that the company took legal action against the US government over additional import tariffs on goods originating from China.

The electric vehicle maker sought that the Court of International Trade in New York declares Washington's measures regarding the matter invalid and asked for a refund of the tariffs it had previously paid to the government.

Tesla's stock was 7.6% lower at 11:37 am, selling for $392.41.

Breaking the News / MS