Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers
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…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Also reported by 2 other outlets
- Tesla’s stock falls as Cybercab launch lands with a thud marketwatch.com
- Tesla's Cybercab launch falls flat; NHTSA launches investigation seekingalpha.com
