Tesla slides after Walmart sues the company, claiming its solar panels caught fire (TSLA)
On Tuesday, Walmart
sued Tesla’s solar-energy unit alleging that gross negligence by employees in installing solar panels lead to fires in seven stores.
Tesla shares slid 2% in early trading on the news.
The lawsuit comes after a rough second-quarter earnings report that hit Tesla’s share price hard and erased $7 billion in market value from the company.
Markets Insider