Tesla stock fell as much as 4% on today after the automaker announced new price cuts in China, following a Thursday decline off of  news the company is idling production at its Giga Berlin factory due to Red Sea-related supplier disruptions.

Tesla's new price cuts come as competition continues to heat up on the mainland, with rivals like NIO and BYD announcing new models. BYD has also gone more upmarket, pushing into segments where Tesla has operated and found success. 
Original Article is Yahoo Finance 
https: //finance.yahoo.com/news/tesla-stock-drops-following-price-cuts-in-china-production-stoppage-in-berlin-193142611.html