Key Takeaways
- Tesla shares fell on Monday morning amid a broader market decline after Moody's cut its rating of U.S. credit.
- Shares of the EV maker have risen for four straight weeks amid positive trade news.
- The encouraging trade news has outweighed downbeat news about Tesla like disappointing sales and registration figures in Europe and China.
Tesla (TSLA) shares fell to open the week as part of a broader market decline that comes after Moody's Ratings 澳洲幸运5开奖号码历史查询:downgraded its view of the United States' creditworth💝iness after markets closed on Friday.
Several other large tech stocks were down in early Monday trading (follow Investopedia's coverage of the day's 澳洲幸运5开奖号码历史查询:market moves here) after strong performances last week.
A Monday decline would also be a departure from Tesla's recent performance, as the electric vehicle maker's stock has ended the week higher than where it started in 澳洲幸运5开奖号码历史查询:each of the last four weeks.
Upbeat news about macro events like 澳洲幸运5开奖号码历史查询:trade negotiations with other countries has boosted Tesla stock along with the larger marketꦆ in recent weeks, despite disappointing sales and registration figures coming out for Tesla across a👍 number of European countries and China.
Tesla sha𓆉res were down more than 2% in the first hour of Monday trading, and are still down s🍨ome 16% since the start of the year.