Tesla Inc. shares tumbled on a report that the electric-car maker’s Chinese orders dropped by almost half in May.

The stock, which was already down more than 30% from the late January peak through Wednesday, fell 5.3% Thursday. The shares also slipped after a U.S. regulator disclosed recalls of more than 5,500 Model 3 and Y vehicles as well as almost 2,200 Model Ys over separate seat-belt flaws.

Tesla’s monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April, according to The Information, a San Francisco-based tech news company, which cited a person with knowledge of the data. That’s just the latest in a string of reports that seem to suggest a sales slowdown in a country widely regarded as one of the most important markets for the industry.

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