今天的坏消息有点多。
Shares of Tesla Inc. dove toward a nine-month low Monday to fuel a broad selloff in the electric-vehicle sector, after a report that the EV giant was losing a large customer in Germany.
The stock TSLA, -3.25% dropped 5% in midday trading, to put it on track for its lowest close since May 18, 2023. The selloff shaved about $29.7 billion off the EV giant’s market capitalization, which fell to $568.7 billion.
That knocked Tesla down to 10th on the list of the highest-valued companies in the S&P 500 SPX, below ninth-ranked Broadcom Inc. AVGO, 1.17% at $578.6 billion and eighth-ranked Eli Lilly & Co. LLY, 4.45% at $667.6 billion.
Germany-based software company SAP SE SAP, -0.16% SAP, +0.54%, which has a fleet of 29,000 vehicles, will stop buying Teslas, according to a report from German business daily Handelsblatt, quoting the company’s fleet manager.
Tesla changes its list prices more than other manufacturers, making planning more difficult, the newspaper said. Another issue is that Tesla often delivers earlier than planned, making storage difficult, the report said.
