NEW YORK: Shares of Tesla Inc slid on Thursday, dragging down rivals after the leading electric car maker delayed releasing new vehicles until next year because of supply chain disruptions it said could last through this year.
Tesla's stock dropped 8%, down 30% from its record high in November and set for its biggest one-day percentage fall since then, after the U.S. company's strong quarterly report came with its supply chain warning.
Chief Executive Elon Musk told a quarterly conference call that Tesla would not launch new models like Cybertruck this year because it would dent volume growth in the face of supply chain headwinds that would be alleviated only next year.
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