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TSLA Stock Drops Over 3% In Monday Pre-Market Amid Lower Deliveries, Declining Brand Image - Tesla (NASDAQ:TSLA)

1. TSLA shares fell 3% pre-market amid lower deliveries and political controversies. 2. Musk's net worth has declined by over $52 billion in 2023. 3. Tesla's market cap dropped below $1 trillion for the first time since November. 4. Sales in California fell 12%, influenced by Musk's political support. 5. Analysts still have a consensus 'Buy' rating with a 68% upside target.

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FAQ

Why Bearish?

The decline in deliveries and brand image significantly undermines investor confidence. Historically, political controversies have impacted Tesla's stock performance negatively, as seen in 2022.

How important is it?

The issue directly affects sales and investor sentiment, pivotal for TSLA’s immediate performance.

Why Short Term?

Sales and market perception are volatile in the short term, especially during uncertain political climates. Historical examples, like the dip after Musk's tweets in 2018, show quick market reactions.

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