Apple and Tesla stocks drop

Apple and Tesla stock has dropped amid growing concerns that manufacturing delays at their Chinese plants may harm worldwide sales.

Analysts expect that it would take some time for output to return to normal levels after a surge in Covid-19 infections was detected in industrial hubs.

Beginning January 8, 2023, China will loosen its stringent quarantine requirements for visitors. Elon Musk, the CEO of Tesla, has caused investor concern due to his propensity of making headline-grabbing pronouncements.

Musk finally obtained control of Twitter in October after a protracted legal battle, and he has committed a significant amount of time and attention to its management ever since.

According to reports, his lack of focus during this time period contributed to Tesla’s stock price fall.