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US Stocks Rebound To Open Big Earnings Week
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US: Stocks rebound to open big earnings week
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Tesla s stock faces challenges as sales disappoint and growth falters. Concerns over future earnings potential impact its value. The company s stock struggles, with uncertainty around its next growth phase and competition in the EV market. Tesla sold about 387,000 cars in the first quarter, while analysts on average thought that number would be around 449,000. Obviously, profit estimates for the quarter will now have to be cut, after already dropping by more than half in a year.
(Bloomberg) Shockingly low quarterly sales figures from Tesla Inc. this week are raising a fundamental question for investors: If the days of breakneck growth are over, what are the shares of Elon Musk’s company really worth? Most Read from BloombergSaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomTurkey Joins NATO Allies in Suspending Europe Arms TreatyIran Tells US to Step Aside as It Readies Response to IsraelNY Area Rattled by 4.8 Magnitude Quake, Followed by AftershockMark
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