Tesla is highly traded, and Elon Musk’s sale of more than $16 billion worth of stock last year did not appear to push share prices lower.
The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.
The electric car start-up cited shortages of semiconductors and other supply chain problems.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
Beijing gave CATL lavish subsidies, a captive market of buyers and soft regulatory treatment, helping it to control a crucial technology of the future.
The company, which began trading on the stock exchange last month, said it lost $1.2 billion in the third quarter.
Peter Rawlinson designed the Tesla S. His new Lucid Air sedan is a direct challenge to Tesla’s dominance.
The 2018 tweet, in which Mr. Musk claimed he had secured funding to take Tesla private, initially sent the automaker’s shares soaring. But they sank when it became clear that no such deal had been reached.
The company, backed by Amazon and Ford, was valued at nearly $70 billion in its initial public offering, though it has delivered only 156 vehicles.