Shares of Tesla ( TSLA ) are plunging Thursday as multiple reports weigh on the electric vehicle maker's stock. According to Bloomberg, the company is planning a $783 million debt sale, a move that has caught the attention of investors. This news was followed by a report from The Information, which revealed Tesla's plans to bring four new batteries to market by 2026, including one specifically designed for the highly anticipated robotaxi project.
Compounding the company's challenges, Tesla issued a widespread recall involving 27,000 Cybertrucks due to a camera issue, further affecting investor sentiment. All this comes ahead of Tesla's robotaxi event scheduled for October 10.
Market Domination co-hosts Madison Mills and Josh Schafer explain these developments and analyze how these events reflect Tesla's ongoing struggle with fundamentals.
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This post was written by Angel Smith
