Previous close | 35.95 |
Open | 33.55 |
Bid | 39.95 |
Ask | 41.15 |
Strike | 220.00 |
Expiry date | 2024-05-24 |
Day's range | 33.20 - 35.95 |
Contract range | N/A |
Volume | |
Open interest | 3 |
Shares Tesla (TSLA) are moving lower on Tuesday morning as the company's sales in China fell 18% year-over-year for the month of April, according to the China Passenger Car Association. The company has already been hit with falling sales in China as competition increases, causing the automaker to lower prices on select models. Morningstar Equities Strategist Seth Goldstein joins The Morning Brief to give insight into Tesla's current operations and how the company can move forward. Goldstein discusses the nature of electric vehicle competition in China: "So I think for Tesla within China, they're not in the affordable vehicle market. So yes, there are a lot of longer range, cheaper EVs out there and for consumers who only care about price, Tesla is likely not going to be the go-to choice in China right now. But Tesla can still compete in the high end luxury market on a technology standpoint with FSD. " For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
New rules from the Treasury Department will make it harder for vehicles to qualify for the federal EV tax credit, though the automakers were also granted a reprieve.
Electric-vehicle start-up Lucid reports weak first-quarter results. Tesla shares follow Lucid shares lower.