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Tesla Stock Dives 7% Ahead Of Possible ‘Code Red’ Earnings For Elon Musk’s Firm [Forbes]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
than Tesla, the electric vehicle company led by Elon Musk, the world's richest man and the self-described “first buddy” of Trump, as Wall Street braces for a crucial update from the car company. Key Facts Shares of Tesla fell 7% to $224, their lowest price since April 8, just before Trump paused some tariffs to the stock market's delight. The S&P 500 stock index sank more than 3% Monday to its lowest point since April 9 as the market sold off on little trade war progress and Trump's escalation of his feud with Federal Reserve Chairman Jerome Powell. Tesla was the most notable loser amid the early week losses as the automaker suffered the worst percentage loss of any of the U.S.' 36 “mega-cap” companies with market capitalizations of at least $200 billion. Tesla has frequently been among the worst-performing stocks from tariff shocks considering its reliance on a coherent global supply chain and on smooth Washington-Beijing relations due to its heavy revenue reliance on China
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