Nissan's stock price fell as its second-largest shareholder, Mercedes-Benz, sold $346 million worth of shares.
According to the Wise Wealth APP, on Tuesday, the stock price of troubled Japanese car manufacturer Nissan Motor Co. fell by 6.5%. Prior to this, its second largest shareholder Mercedes-Benz had announced the sale of its 3.8% stake.
This decline in stock price highlights investors' doubts about Nissan's prospects for turning losses into profits. The company is facing tariff issues and a decline in sales in major markets such as the United States and China, with losses totaling $535 million in the three months ending June this year.
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