Why Tesla Stock Is Down In Premarket Today Ahead Of Q4 Results
TeslaInc. TSLA shares are sliding in premarket trading on Wednesday.
What Happened: On Tuesday, the electric vehicle maker's stock was about 1.85% lower at one point during the day's session. But it made good the loss and closed up 0.10%, at $143.98.
In premarket trading on Wednesday, the stock fell 1.22% to $142.20.
Tesla is due to release its fourth-quarter results on Wednesday after the market close. Analysts, on average, estimate fourth-quarter earnings of $1.13 per share on revenue of $24.03 billion.
With uncertainty clouding earnings and the future trajectory, traders are likely to stay on the sidelines for want of clarity.
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