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Tesla Drops 3% as Traders Take Profits Ahead of Cybercab Launch

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Tesla dropped 3% as investors took profits following an 18% monthly surge ahead of its September 3 Cybercab launch.
  • Mixed August European vehicle registration data and high valuation multiples contributed to the isolated pullback relative to broader technology indices.
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TSLA price history

356.30 -16.48% over the displayed period

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