Tesla shares fall 8% after China car price cuts report
Tesla's shares fell nearly 8% on Monday after it reportedly cut Model 3 prices in China and CEO Elon Musk promised to reimburse missed tax credits to US customers, caused by shipment delays. It's the third time that Tesla lowered its car prices in China since November, this year. The Model 3 prices were reportedly lowered by 7.6% in China.