Tesla stock extends rout, set to notch worst month ever

Tesla Inc. shares drew closer to their worst week and worst month, dogged by growing concern on Wall Street about the Silicon Valley car maker’s ability to meet its production goals for the Model 3 and by a string of bad news that included a downgrade for its debt.

Tesla TSLA, +2.29% stock was on pace for a pair of record lows on Thursday — its biggest weekly decline ever, down more than 15% on the abbreviated week, and its biggest monthly decline ever, down nearly 26% in March. Markets are closed on Friday in observance of Good Friday.

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