Business & Finance
Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers
Key Points
On this episode of Stock Movers: - Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations. - Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk’s effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened...
On this episode of Stock Movers:
- Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations.
- Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk’s effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards.
- Robinhood (HOOD) is down as AMC Entertainment boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain’s shares. (Source: Bloomberg)
Lululemon Falls (ORG)
China Business (ORG)
Tesla Cybercab Service (ORG)
Stock Movers (ORG)
China (LOCATION)
Elon Musk’s (PERSON)
The US National Highway Traffic Safety Administration (ORG)
Tesla (ORG)
Robinhood (LOCATION)
AMC Entertainment (ORG)
Adam Aron (PERSON)
Robinhood Markets Inc. (ORG)
Bloomberg (PERSON)