Why Shares of Tesla Are Falling Ahead of Elon Musk's Big Day

Shares of electric vehicle (EV) maker Tesla (NASDAQ: TSLA) were trading about 7% lower as of 1:03 p.m. ET Monday. That sell-off came as tensions between the U.S. and China continued to escalate and as investors looked ahead to Tesla's first-quarter earnings report, which is due out after the market closes Tuesday.U.S. stocks broadly fell on Monday morning after China's government warned that it will retaliate against any countries that partner with the U.S. on trade in ways that hurt China economically. In addition, market watchers pointed to President Donald Trump's tariff policies and his latest social media tirades against Federal Reserve Chair Jerome Powell as drivers of Wall Street's slide. However, when it comes to Tesla specifically, investors are focused on the company's upcoming earnings report. The EV maker has already revealed that its deliveries were weak in the first quarter, but after months of controversial actions by CEO Elon Musk in his public sector role, the Q1 earnings call will provide analysts the opportunity to pose questions to him on topics ranging from Tesla's struggling EV business to its new initiatives. It's also possible they'll ask him about his involvement with the Department of Government Efficiency (DOGE) and Trump's tariffs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool