Tesla Shares Fall After Warning of Rough Patch Ahead

Here is a 161-word summary of the news article: Tesla's stock price dropped after the company warned of a difficult period ahead. In an internal email, CEO Elon Musk told employees that the next few quarters would be "extremely tough" and that the company faces a "very difficult" road. Musk cited increasing competition, rising interest rates, and a potential recession as challenges Tesla must navigate. The electric vehicle maker is facing production issues at its Shanghai factory due to China's COVID-19 lockdowns. This has disrupted Tesla's supply chain and limited its output. Additionally, inflation and higher costs are squeezing the company's profit margins. Despite the near-term headwinds, Musk expressed confidence in Tesla's long-term outlook. He believes the company will emerge from this rough patch stronger than before. However, investors reacted negatively to the warnings, causing Tesla's stock price to fall sharply following the email's disclosure.