Apple and Tesla shares have tumbled after growing concerns regarding delays in their production lines in China. Since Tesla’s record high share price in November 2021, it is now down by 73% while Apple shares are at its lowest point since June 2021.
The production in China is struggling due to Covid restrictions and weeks of lockdowns.
However, these is a positive sign for many investors after the announcement by China to lift its strict quarantine rules for travellers on 8th of January 2023. This has now had a domino-effect with staff being affected as well as China battles a Covid wave after lifting years of restrictions.