Tesla’s Troubles Mount: Shuttered Showrooms and Sinking Shares

The move signaled the broader vulnerabilities of an upstart that for a time was the most highly valued American car company. A spate of price cuts in the United States points to a slowdown in sales, and the company says it is currently making cars for Europe and China only. But plans to bring the company’s mass-market car, the Model 3, to overseas buyers have been hamstrung by logistical challenges.

Source: www.nytimes.com