Tesla share price falls after new statements from Elon Musk

US equities are struggling. Tesla is particularly impacted following guarantees from CEO Elon Musk regarding tax credit reimbursements. 

Photo: /Ritzau Scanpix/AP/Evan Vucci/

Christmas has been rough on the US stock market, which appears to be headed for the worst year since 2008. This has hit electric carmaker Tesla especially hard with a 7.6 percent share price decline on Monday, reports Tech Crunch.

The dive came after the company decided to lower the price on its Model 3 in China, and after CEO Elon Musk promised to reimburse customers if they experience problems in missing their tax credit deadlines due to delayed deliveries, the media writes.

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