Tesla shares are trading lower. Catalysts include rising yields, Chinese economic uncertainty, recent price cuts and weakness in China rival XPeng.
Portfolio Pulse from Benzinga Newsdesk
Tesla shares are trading lower due to rising yields, Chinese economic uncertainty, recent price cuts, and weakness in China rival XPeng.

August 18, 2023 | 3:42 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tesla's stock price is negatively impacted by rising yields, Chinese economic uncertainty, recent price cuts, and weakness in China rival XPeng.
Tesla's stock price is trading lower due to several factors. Rising yields can make growth stocks like Tesla less attractive. Uncertainty in the Chinese economy can impact Tesla's sales in the region. Recent price cuts suggest a potential decrease in demand. Weakness in China rival XPeng can also reflect broader issues in the electric vehicle market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100