Tesla Stock Dropped. Costs Are a Problem.

Investors didn’t seem to like Tesla raising prices of its popular Model Y vehicles in the U.S. over the weekend. Shares of the electric vehicle maker were down 0.7% at $406 in premarket trading on Tuesday, while and futures were down 0.2% and 0.1% respectively. There wasn’t much to blame the decline on, no Wall Street downgrades or material price target cuts.