Tesla Won't Release New Model 3 In China; Stock Gives Back Weekly Gains

What: Tesla has announced it will not release a new Model 3 in China, citing supply chain disruptions.
Why: The decision is reportedly due to ongoing supply chain issues and production delays.
Signal: Tesla's stock has given back weekly gains following the announcement, falling **-2.5%**.
Target: Analysts are reevaluating their price targets for Tesla, with some reducing their estimates to **$250**.
Risk: The move may increase the risk of Tesla losing market share in China, where electric vehicle sales are highly competitive.