Tesla Stock Falls Amid Concerns About Chinese Competition, Pricing

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Shares of Tesla fell Friday, pulled lower by concerns about the pricing on an updated vehicle and competition in China.

The electric automaker’s stock was recently down more than 5%, among the S&P 500’s worst performers, though it’s up more than 3% this week. The company today unveiled a refreshed version of its Model 3 sedan, which first went on sale in China.

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