Tesla Motors Inc (TSLA) Shares Plunge As Investors Dump Luxury Car Shares On China Stock Crash

Tesla Motors Inc (Nasdaq:TSLA) shares were pummeled Monday as investors watch prospects for luxury-car growth in China practically evaporate in the biggest market selloff in Shanghai since 2007. German car giants Volkswagen AG and BMW, which are heavily exposed to the Chinese market, were also deep in the red.