Te slag et sash ock
Tesla stock lost big last week after the electric car compan yr eported disappointing vehicl ep roductio nt otals and heightened competitio nf rom electric ca rr ivals. On Monda y,t esla CEO Elon Musk tweeted that the company expects to mak e20 ,000 model 3 cars am onth b yd ecember, fewer than planned. T hec ompany also gav ea disappointing report on second-quarter vehicl ep roduction. Meanwhile Volvo said that by 2019, it woul dbep roducing only electric and hybrid vehicles. It’s the firs tt raditional automaker to make that leap. Tesl at ook its biggest one-day loss inm ore than a yea rw ednesday and had its biggest weekly loss inm onths.