Tesla Stock Slips In Premarket Ahead Of Q2 Sales Report: What's Going On
Portfolio Pulse from Shanthi Rexaline
Tesla shares fell in premarket trading ahead of its Q2 sales report, with expectations of underdelivering on sales. China sales data showed a decline, contributing to the negative sentiment.
July 02, 2024 | 9:53 am
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Tesla shares fell 1.32% in premarket trading ahead of its Q2 sales report. The company is expected to underdeliver on sales, with China sales data showing a decline.
Tesla's premarket decline is driven by expectations of underdelivering on Q2 sales and weak China sales data. The market is reacting negatively to these factors, indicating a likely short-term price drop.
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