Overnight Trading | Tesla plunges, Robotaxi delayed, Berlin factory expansion faces obstacles
Tesla plummeted, while competitors Uber and Lyft soared
Overnight, Tesla fell by 8.4%, with a daily fluctuation exceeding 11.9%.
In the night session, Tesla continued to decline, currently down by 3.3%.
On the news front, overnight, Bloomberg's disclosure that the release of Robotaxi was delayed from August to October had an impact;
In the night session, Tesla continued to decline, with foreign media reporting that Tesla's expansion plans in Giga Berlin, Germany, faced obstacles.
German media reports that part of the expansion approval for Tesla Berlin will be delayed (Note: The expansion of the Berlin factory aims to increase production capacity to 1 million vehicles, with approvals divided into several parts, some of which have been granted. However, forest clearing activities have not yet been approved).
Today, UBS downgraded Tesla's rating to sell with a target price of $197.
It is worth mentioning that after the delayed release of Tesla's Robotaxi, competitors Uber and LYFT both saw significant increases; while DiDi continued to decline for two days due to the impact of Baidu's Apollo.