Tesla shares fall 8% in premarket trading after weaker-than-expected earnings

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Tesla shares fell more than 8% in pre-market trade in the U.S. after it reported second-quarter earnings that missed expectations.

Tesla shares fell more than 8% in pre-market trade in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations, as its auto business continued to face pressure.

Bulls and bears have been in a grapple over the stock, with some believing the company's core car business is under pressure, while others held hope about a future Musk has promised around autonomous driving.shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.

Robotaxis were a huge focus on the earnings call. Musk envisions a world in which owners can authorize their Tesla vehicle to be used as part of an Uber-style ride-hailing service — and where the cars would drive autonomously.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Tesla’s EV market share in U.S. falls below 50 percent | Car NewsTesla's EV market share has fallen below 50 percent in the U.S., which actually represents good news for the development of electric vehicles.
Source: auto123 - 🏆 566. / 51 Read more »

Tesla's Market Share of Electric Cars Is CollapsingScience and Technology News and Videos
Source: futurism - 🏆 85. / 68 Read more »