Tesla Cites Shipping Issues as Deliveries Disappoint Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard. The electric vehicle-maker’s shares closed down 7.6% to $204.99 on Friday, taking its market capitalization to $642 billion. The decline has now sliced in half the stock’s Nov. 4 record closing high of $409.97. The plunge comes amid a wider meltdown in the markets, as the specter of an economic slowdown rattles investors already bracing for the impact of rising inflation and higher interest rates. Riskier growth stocks with rich valuations have borne the brunt of the selloff. Tesla’s own list of woes are long: Vehicle delivery in the third quarter took a hit due to logistical troubles, and some analysts warned that the climbing prices of the company’s cars may also weigh on […]