Tesla woes mount on new China reports, EV probe

News Snapshot:

Tesla shares extended their recent run of declines Thursday, pulling the stock closer to the lowest levels since late April, as headline risks for the world's leading electric-vehicle maker continue to mount. Tesla (TSLA) , which has shed more than $240 billion in market value this year, has been hammered by a slump in global EV demand, concerns about the impact of aggressive price cuts on profit margins, and reports of renewed regulatory pressure tied to its claims about its driver-assistance software. The stock reversed some of those declines late last month when Chief Executive Elon Musk won a key...