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Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market.

Tesla Inc. shares slid on Sept. 8 after the electric-vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise.

Before Tesla Inc. CEO Elon Musk returned to the U.S. after a three-day visit to Germany, he made a final stopover to meet with one of his biggest competitors — Volkswagen AG CEO Herbert Diess.

Tesla Inc. fell as much as 4.2% in early Sept. 4 trading, heading for its first four-day losing streak since pandemic fears were at their height in mid-March.

Tesla Inc. shares are now officially in correction territory, in a week that saw the electric-vehicle maker announce a share sale that could dilute its value and a top holder say it would cut its stake nearly in half.

Tesla Inc. plans to sell as much as $5 billion of shares, capitalizing on its high-flying price and on a recent stock split that made it more accessible to individual investors.

Already plumped up by big rallies in 2020, stocks for Apple and Tesla popped again Aug. 31, surpassing record highs after the companies' stock splits took effect.

General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders.

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker.