Tesla Stocks Fall After 'Lock-Up Period' Ends
RENEE MONTAGNE, host:
NPR's business news starts with Tesla Motors hitting the brakes.
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MONTAGNE: Shares in the pioneering electric car company dropped 15 percent on Monday. The timing of the plunge isn't a complete surprise. Yesterday was the first day company insiders and early investors were allowed to sell their shares after the company went public in June.
The sell-off comes as several of the world's major carmakers are also stepping into the electric car market.
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