Tesla Stock Set To Drop Again After Rebound: What's Going On?
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) shares are expected to drop due to demand concerns and EU regulatory scrutiny. The stock slipped 1.17% to $244.10 in premarket data. Weekly China car insurance registrations for Tesla fell short of the Q2 record. Tesla is expected to report lower-than-expected Q3 deliveries next week. EU regulators are investigating Chinese subsidies benefiting Tesla and other domestic EV manufacturers.
September 26, 2023 | 11:46 am
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Tesla's stock is expected to drop due to demand concerns, lower-than-expected Q3 deliveries, and EU regulatory scrutiny over Chinese subsidies.
The news directly impacts Tesla as it highlights several negative factors that could affect the company's stock price. These include demand concerns, lower-than-expected Q3 deliveries, and an EU investigation into Chinese subsidies benefiting Tesla.
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