Tesla Sees Shares Drop After Customers’ Confusion

On Thursday, Tesla received a 7 percent drop in its customer deposits in its latest quarter, raising concerns about future sales of the U.S. luxury electric-car maker.The company’s shares were down nearly 5 percent in afternoon trading on Thursday, putting the company on track for their third straight day of decline. On Thursday, Tesla Chief Executive Officer Elon Musk continued to emphasize the difference between the Model 3 and the Model S. The company has seen orders of the Model S hurt because of customers being under the impression that the $35,000 Model 3 was an upgrade from the Model S.


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