New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

Tesla tumbles on weak output as stock drops

2016-07-05 17:12

PRODUCTION STALLS: Shares of Tesla Motors fell following disappointing production figures as US stocks opened lower.. Image: AP / Michael Probst

New York - Shares of electric-car maker Tesla Motors fell on Tuesday following disappointing production figures  as US stocks opened lower.

Tesla dropped 3.4% as second-quarter production came in at 18.345, below the 20 000 it previously forecast.

The weak figures come on the heels of other difficulties facing Tesla, including a negative reception for its proposed purchase of SolarCity and a fatal crash involving Tesla's self-driving system.

Key events this week include the release of the June US jobs report.

Five minutes into trading, the Dow Jones Industrial Average was at 17,862.19, down 0.5%.

The broad-based S&P 500 fell 0.5% to 2,091.62, while the tech-rich Nasdaq Composite Index lost 0.6% at 4,832.59.

Read more on:    tesla  |  industry news  |  stocks

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