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What's causing Tesla (TSLA) stock to move before the market opens?

ResultsRead the original at Benzinga
Neutral

Tesla beat the profit-per-share estimate and reported its largest passenger-vehicle backlog in 4 years, with Cybercab's fleet growing quickly. But auto revenue and deliveries fell, and regulators opened a Cybercab safety review, leaving the report mixed.

TSLA · Tesla Inc.

AI read · Neutral

The AI's read

The results offer some support because profit per share beat estimates and more customers are waiting for cars. Cybercab's fast fleet growth adds promise, but federal regulators are checking its safety filing. Flat company sales, lower auto revenue, and fewer deliveries weaken the picture, so the signs point in different directions.

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