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Tesla Stock Falls Amid Concerns About Chinese Competition, Pricing


Shares of Tesla fell Friday, pulled lower by concerns about the pricing on an updated vehicle and competition in China.

The electric automaker’s stock was recently down more than 5%, among the S&P 500’s worst performers, though it’s up more than 3% this week. The company today unveiled a refreshed version of its Model 3 sedan, which first went on sale in China.

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