Tesla’s inventory on four-day shedding streak, as EV maker appears to be like to construct India battery manufacturing unit

Shares of Tesla Inc. headed decrease on Monday, stretching their shedding run to a fourth session, as assist for inventory from the United Auto Workers strike has did not materialize and because the electric-vehicle maker reportedly appears to be like to construct a battery manufacturing unit in India.

Tesla’s inventory
TSLA,
+0.25%
has misplaced about 12% for the reason that begin of the UAW strike on Sept. 14. The strike started at one manufacturing unit every of Ford Motor Co.
F,
+1.89%,
General Motors Co.
GM,
+1.26%
and Stellantis NV
STLA,
-0.78%,
and the UAW final Friday expanded the strike to 38 GM and Stellantis auto-parts distribution facilities throughout 20 states, whereas saying it had made progress in talks with Ford.