Shares of Tesla, Inc.
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fell sharply in premarket trading on Wednesday, underperforming the broader market, which is priming for a flattish to slightly higher open.
The stock has closed lower in each of the past three sessions.
After aggressively cutting prices for its Model S and X vehicles in China earlier this week, Tesla announced Wednesday as much 6.9% reduction in prices for inventory Model S and X vehicles in China.
