Tesla’s stock price has declined by nearly 6% in recent hours, with investors worried about the impact of new odometer rules on the company’s business. The rules, set to take effect in July, would require Tesla to disclose the original mileage of used vehicles sold through its platform. This move is seen as a potential headache for the electric vehicle manufacturer, which has been expanding its used car sales.
Another concern is the low-price cars segment, which has been struggling to generate significant revenue for Tesla. The company’s attempts to increase prices have led to decreased demand for some of its lower-end models.
Additionally, investors are looking ahead to Tesla’s upcoming earnings report, scheduled for later this month. Any disappointing results could further exacerbate the decline in stock price. Despite these challenges, Tesla remains one of the largest and most influential players in the electric vehicle market, and investors will be watching closely to see how the company responds to these concerns.
Source: https://www.barrons.com/articles/tesla-stock-price-earnings-odmoter-lawsuit-71c72bfd