NEW YORK: Tesla Inc is off to another bumpy start this week after chief executive officer Elon Musk tweeted that plans for its high-end Model S Plaid+ sedan had been cancelled.
Shares of the electric-vehicle maker fell as much as 2.2% in pre-market trading yesterday. The stock has declined more than 30% since late-January, following an incredible run-up in price that drove its market capitalisation to as high as US$837bil (RM3.4 trillion) and briefly helped make Musk the world’s richest person.
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