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Tesla cuts prices as Q4 results miss estimates
Tesla shares slide after a $2000 price cut on three models and Q4 deliveries of 90,700 miss consensus. The automaker reported full year deliveries near prior peaks and warned on demand as federal tax credits phase out. Separately, Italy appoints ECB led administrators at Carige to safeguard stability amid failed capital raise. Qatar Airways buys 5 percent of China Southern as it expands its regional footprint.
MENTIONED IN THIS ARTICLE
Detroit
Tesla Inc
Wall Street
Tesla
Fact- Set
Gartner
Michael Ramsey
European Central Bank
Eurozone
Italy
Carige
Genoa
ECB
Pietro Modiano
Fabio Innocenzi
Dubai
United Arab Emirates
Qatar Airways
China Southern Airlines
Qatar Airways Group
China Southern
Mideast
Air Italy
Cathay Pacific
Latam Airlines Group
International Airlines Group
British Airways
SkyTeam
Delta
KLM
Air France
Gulf States