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Tesla Stock Is Falling. Why an Odometer Lawsuit Won’t Move Shares. - Barron's

1. Tesla faces a lawsuit alleging odometer manipulation for warranty claims. 2. Stock down 3.5% at $232.88 amidst broader market declines. 3. Earnings expected at 39 cents per share, down from 45 cents. 4. Vehicle deliveries decreased to 337,000, missing Wall Street's forecasts. 5. CEO Musk dismissed the lawsuit, expressing confidence in Tesla's practices.

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FAQ

Why Neutral?

The lawsuit is mitigating factors, but earnings report is more crucial for stock movement.

How important is it?

While the lawsuit raises concerns, factors like earnings are more significant presently.

Why Short Term?

Immediate investor sentiments influenced by upcoming earnings, not long-term trends.

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