Shares of Tesla Inc.
rallied 2.5% in premarket trading, after a report that some German automobile manufacturers are interested in buying a stake in the Silicon Valley electric-car maker. A report in Germany’s Manager Magazin said Volkswagen
was interested, as were Daimler and BMW. The report comes after Walmart Inc.
sued Tesla, alleging “gross negligence” as the retailer claimed roof fires at several stores were caused by Tesla solar panels. Tesla’s stock has lost 33.6% in 2019, while the S&P 500
has gained $16.7%.
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