Why Tesla Stock Is Sliding Premarket Today: Key Levels To Watch Out For
Portfolio Pulse from Shanthi Rexaline
Tesla shares fell sharply in premarket trading, extending losses from Wednesday, due to a souring broader market mood after the Federal Reserve hinted at more rate hikes in the future. The stock had been on a record-breaking streak after signing charging infrastructure deals with General Motors and Ford.
June 15, 2023 | 11:02 am
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NEUTRAL IMPACT
Ford signed a charging infrastructure deal with Tesla, which contributed to Tesla's record-breaking streak.
While Ford is mentioned in the article for signing a deal with Tesla, the news is more focused on Tesla's stock price movement. The impact on Ford's stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
General Motors signed a charging infrastructure deal with Tesla, which contributed to Tesla's record-breaking streak.
While General Motors is mentioned in the article for signing a deal with Tesla, the news is more focused on Tesla's stock price movement. The impact on GM's stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Tesla shares fell sharply in premarket trading due to a souring broader market mood after the Federal Reserve hinted at more rate hikes in the future.
The fall in Tesla's stock price is directly related to the broader market downturn and the Federal Reserve's hint at future rate hikes. This negative sentiment is likely to impact Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100