Tesla Stock Is Down. It Might Be the Market, It Might Be Munich.

Tesla stock slumped on Wednesday, and it might have been the market that caused the weakness. Or it might have been Munich.

Wall Street currently expects third-quarter deliveries will come in at about 470,000 cars, with operating profit margins of about 10%. Tesla sold about 466,000 vehicles in the second quarter and reported operating profit margins of about 9.6%, compared with almost 15% in the second quarter of 2022. Autonomous driving isn’t the only thing Tesla is planning for growth. Rosner said in his report that Tesla is optimistic about Cybertruck, which is due to be delivered in the fourth quarter, and the updated Model 3 sedan, believing new features will boost sales.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla stock bounces, needs a further 2.8% rally to surpass the bull-market thresholdShares of Tesla Inc. ran up 2.7% in morning trading, to buck the broader weakness among the electric vehicle maker’s peer group and the stock market. The...
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla Inc. stock rises Tuesday, outperforms marketShares of Tesla Inc. rallied 4.69% to $256.49 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ...
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla Inc. stock falls Wednesday, underperforms marketShares of Tesla Inc. slid 1.78% to $251.92 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market News Today: Dow Falls More Than 200 Points; AMC Stock in FocusLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »