Reports out of Reuters earlier today that suggested Tesla (NASDAQ:TSLA) would cut its output in Shanghai may be exaggerated. Tesla recently countered the assertions from Reuters, calling them “untrue.” Nevertheless, the news was enough to send Tesla down 7.11% in trading. The report, which called for Tesla to ultimately cut its production output by as much as a fifth, had a solid basis to it. Inventory levels at the Shanghai plant have spiked following an upgrade. Moreover, Tesla cut the prices on some models by as much as 9% in the region and even provided insurance incentives. That's not a normal move for Tesla, according to reports.
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