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官方开奖结果体彩网:downgraded its view of the♛ United States' creditworthiness after ma🐻rkets 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官方开奖结果体彩网: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官方开奖结果体彩网:each of the last four weeks.
Upbeat news about macro events like 澳洲幸运5官方开奖结果体彩网:trade negotiations with other countries has boosted Tesla stock along with the larger market in recent weeks, despite disappointing sales and registration figures coming out for Tesla across a number of European coun𝓡tries and China.
Tesla shares were down more t𓃲han 2% in the first hour of Monday trading, and ꧒are still down some 16% since the start of the year.