Tesla Drops 4% as EV Demand Fears, SpaceX IPO Uncertainty, April 22 Earnings Loom Large
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Tesla shares have dropped 4% due to concerns over EV demand, uncertainty around a potential SpaceX IPO, and upcoming earnings report. The company's Q1 delivery miss and declining sentiment have added to the pressure on the stock.
Tesla's stock has fallen 4% amid concerns over EV demand and a potential SpaceX IPO. The company reported 358,023 vehicle deliveries in Q1, missing the consensus estimate. Tesla's earnings report is scheduled for April 22. The stock has been under pressure due to declining sentiment and a Q1 delivery miss. Despite some positive news, such as increased registrations in Germany and South Korea, the overall narrative remains negative. Analysts are anticipating Q1 EPS of -$0.24.
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