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Tesla's stock falls as U.S. credit rating downgrade causes early-week open low in markets

环球市场播报2025-05-19

  gist

  • Moody'sAfter downgrading the U.S. credit rating,TeslaShares fell with the broader market Monday afternoon.
  • Shares of the electric vehicle maker have gained for four weeks thanks to positive trade news.
  • Encouraging trade news overshadowed bad news such as disappointing sales and registration figures for Tesla in Europe and China.
Tesla (TSLA) shares opened the week lower, forming part of a broader market decline triggered by a downgrade of U.S. credit rating by Moody's Ratings after the market closed on Friday.

Several other mega-cap tech stocks that had a strong last week also fell in early week trading.

Monday's drop also contradicts Tesla's recent performance, with the electric vehicle maker's shares closing on a weekly rally for the past four weeks.

Despite the disappointing sales and registration data of Tesla in several European countries and China, the upbeat news of recent macro events such as trade talks with other countries has pushed Tesla shares to rise along with the broader market.

Tesla shares fell more than 2% in the first hour of trading on Monday and are still down about 16% from the start of the year.

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