1031 GMT - Tesla's earnings underwhelmed markets, with the group's core electric-vehicle business looking weak, AJ Bell's Russ Mould writes. Lower average sale prices in the face of fierce competition from China weighed on the vehicle business, Mould says. A lack of battery supplies meant the company also struggled to keep up with orders, the strategist says. However, the main Tesla-related story is unrelated the group's earnings, Mould says, with investors preoccupied by the company's potential merger with SpaceX. Shares fall 4.35% premarket amid a broader tech selloff.
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