Cathleen Allison / AP
Tesla Motors CEO Elon Musk and Gov. Brian Sandoval shake hands after a press conference at the Capitol in Carson City on Thursday, Sept. 4, 2014, in which Nevada was announced as the new site for a $5 billion car battery gigafactory.
Wednesday, Jan. 14, 2015 | 2:47 p.m.
Tesla fell 6% in trading on Wednesday, closing at $193 a share.
The stock dipped as low as $188 before recovering.
The drop was signaled Tuesday when CEO Elon Musk told a group of journalists at the Detroit Auto Show that Tesla sales in China were disappointing in the fourth quarter and that the company would not achieve profitability until 2020.
Read the full story from Business Insider.
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