Shares of Tesla Inc. headed lower on Monday, stretching their losing run to a fourth session, as support for stock from the United Auto Workers strike has failed to materialize and as the electric-vehicle maker reportedly looks to build a battery factory in India.
Tesla’s stock
TSLA,
+0.41%
has lost about 12% since the start of the UAW strike on Sept. 14. The strike began at one factory each of Ford Motor Co.
F,
+1.28%,
General Motors Co.
GM,
+1.43%
and Stellantis NV
STLA,
-1.01%,
and the UAW last Friday expanded the strike to 38 GM and Stellantis auto-parts distribution centers across 20 states, while saying it had made progress in talks with Ford.
Read the full article here