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Why Tesla Stock Tumbled Today

TheMotleyFool

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Good news for Tesla (NASDAQ: TSLA) investors! Demand for electric vehicles in China is apparently so strong that Tesla has decided to invest $188 million to expand production capacity at its Shanghai factory. It's so high that Tesla is putting 4,000 more people on the payroll at the site, as Reuters reported Friday morning.

So why was Tesla stock trading down by 2% as of 11:37 a.m. ET Friday?

Image source: Getty Images.

Source Fool.com

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