Tesla (TSLA) Shares on Watch Following Fiat Chrysler Deal to Pool Fleet in Europe

April 7, 2019 10:08 PM EDT

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Tesla (NASDAQ: TSLA) shares are on watch for Monday following reports that Fiat Chrysler Automobiles (NYSE: FCAU) will pay the electric vehicle maker hundreds of millions of euros to pool its fleet in an effort to comply with new European Union emission rules.

News could be seen as a boon for Tesla, which is seen has lingering cash crunch concerns.

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