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SORL Auto Parts Inc, Amazon.com Inc, Tesla and more - Monday's movers

Last updated: 07:40 03 Apr 2018 EDT, First published: 02:40 03 Apr 2018 EDT

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Amazon shares fell on Monday

US stocks closed in the red on Monday and among the biggest laggards was SORL Auto Parts Inc (NASDAQ:SORL), which lost over 23% to US$4.99 after it unveiled down-beat earnings for the fourth quarter.

Other notable movers on Monday included  BioLife Solutions Inc (NASDAQ:BLFS), which surged over 20% to close at US$6.18 after the company reported preliminary revenue for its three months to end March.

But big tech stocks also took a hit after President Trump took another pop at online behemoth Amzaon.com Inc (NASDAQ:AMZN), accusing the firm of taking advantage of the US Postal Service.

Amazon shares slipped 5.21% to US$ 1,371.99 on the day and slid again after hours.

Tesla (NASDAQ:TSLA) also had a torrid day in the markets, with shares shedding 5.13% to stand at US$252.48 as the firm endures its worst time for a while in terms of news.

Headlines have included a voluntary recall, a fatal crash of a vehicle in Autopilot and reports of slower-than-expected production for its Model 3.

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