Tesla’s awful quarter has Wall Street on edge ahead of delivery numbers
Publishing timestamp: 2024-03-29 12:51:22
Summary
Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022. Investors are concerned about auto sales as the company faces increased competition from China and disruptions in Europe. Short sellers have made over $5.77 billion in 2024, making Tesla the most profitable name in the U.S. CEO Elon Musk's controversial statements and actions have also contributed to the negative sentiment surrounding the company.
Sentiment: NEGATIVE
Tickers: 1211-HK, BYDDY, TSLA,
Keywords: autos, business news, donald trump, byd co ltd, technology, tesla inc,