Tesla (TSLA) shares slipped for a second straight day, with the stock hitting lows not seen since May 2023 as another spate of bad news hit the EV maker.
Early Tuesday morning Tesla’s Giga Berlin factory halted production and suffered a power outage following an arson attack at a power substation near the plant. According to Reuters, firefighters extinguished the fire, which did not spread to the factory. A Tesla spokesperson confirmed to Reuters that production had stopped and the site was evacuated.
Tesla closed down 3.9% on Tuesday, its lowest close since May 19, 2023. Tesla stock is down over 11% to start the week, and has fallen a steep 27.3% year to date.
A left-wing activist group claimed responsibility…
