Tesla Shares Drop Nearly 15% After Earnings Report; Tech Stocks Retreat
On July 23, Tesla shares fell nearly 15%, leading a broader decline in technology stocks following earnings reports. The Nasdaq Composite dropped 2.15%, the S&P 500 lost 1.21%, and the Dow Jones Industrial Average declined by almost 1%. Rising oil prices and concerns over AI capital expenditures contributed to market volatility.
Topics: AI spending earnings reports oil prices stock market