Beyond Meat tanks after Tyson announces its own line of plant-based meat alternatives (BYND, TSN)

Beyond Meat shares fell early Thursday after Tyson Foods announced its own line of plant-based protein products.
Tyson's announcement comes just over a week after Nestle entered the plant-based-meat market. Nestle plans to roll out a veggie burger in the US this fall.
Tyson is also planning to launch blended products that contain both meat and plants.
Watch Beyond Meat trade live.
Competition is ramping up in plant-based protein.
Shares of Beyond Meat fell more than 5% early Thursday after Tyson