Stock Market Today: Tesla Keeps S&P 500, Nasdaq in the Red

Tesla suspended production at its Shanghai factory earlier than anticipated amid reports of spiking COVID cases among workers.

Tesla Gigafactory in Shanghai
(Image credit: Getty Images)

It was a wobbly start to the final trading week of 2022, with stocks finishing mixed following the long holiday weekend. Investor sentiment got a temporary boost after China said it would open its borders to international travelers next month without requiring them to quarantine. 

Still, it wasn't enough to offset a continued slump in Tesla (TSLA) shares and a selloff in air carrier stocks. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.