Tesla Stock Rising Despite Profit Warning from Auto Maker

Tesla stock rose early Monday, despite another profit warning from another auto maker which hammered shares of Tesla's traditional peers. Shares of the electric-vehicle maker were up 0.7% at $262.32 shortly after the market opened for trading. The move comes after Stellantis shares dropped 12.5% to $14.06 after cutting its full-year financial guidance. Lower wholesale shipments in North America and increased Chinese competition were reasons cited for the cut. Neither issue is a shock as other auto makers ha

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Tesla Stock Is Rising. Here's What's Moving Shares
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User Discussion

avatara4xrbj1
10-01
It's all a pipe dream. There won't be a 25k car and Robotaxis from Tesla won't be on the road fully autonomously for years. They will do the Waymo approach, with a human supervisor and in a geofenced area (pending regulatory approval). It can't be that only Stellantis is hurt in the US, Tesla sales will be hurt as well with all the negativity around Musk political play and stronger competition (though still not many Chinese EV's which would destroy the US car makers).
Tesla Stock Is Rising. Here's What's Moving Shares