Stock Market Today: Tesla Shares Tumble Ahead of Earnings Report

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The word's most valuable carmaker is facing a number of headwinds ahead of its earnings report out on Tuesday.

Markets in Asia and Europe were mostly higher on Tuesday, and U.S. futures were up after a rally across major stock market indexes on Monday.It was a promising start to a blockbuster week of earnings from big-name companies that could determine if the market can maintain gains after a recent drop, exacerbated by geopolitical tensions last week.Tuesday's highlight will be Tesla reporting its quarterly earnings after the bell.

He has slipped from first to fourth place on the Bloomberg Billionaires Index, behind French luxury-goods tycoon Bernard Arnault, Amazon founder Jeff Bezos, and Meta boss Mark Zuckerberg, whom Musk once challenged to a cage fight.The world's most valuable carmaker is dealing with increased competition and a slowdown in sales across the EV market. The company announced price cuts on models in several markets around the world last week.

 

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