Tesla stock slips on debt sale, Cybertruck recall reports
Tesla (TSLA) shares are tumbling on Thursday as multiple reports weigh on the electric vehicle maker’s stock. According to Bloomberg, the company is planning a $783 million debt sale, a move that has caught investors’ attention. This news was followed by a report from The Information, revealing Tesla’s plans to release four new batteries by 2026, including one specifically designed for its highly anticipated robotaxi project.
Adding to the company’s challenges, Tesla has issued a widespread recall affecting 27,000 Cybertrucks due to a camera issue, further impacting investor sentiment. This all comes ahead of Tesla’s robotaxi event scheduled for October 10th.
Market Domination co-hosts Madison Mills and Josh Schafer break down these developments, analyzing how these events reflect Tesla’s ongoing struggles with fundamentals.
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This post was written by Angel Smith
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