Tesla stock slips on debt sale, Cybertruck recalls report

Tesla ( TSLA ) shares fell on Thursday as multiple reports weighed on the electric vehicle maker's stock. According to Bloomberg, the company plans to sell $783 million in debt, a move that has caught the attention of investors. The news is followed by a report from The Information, which revealed Tesla plans to release four new batteries by 2026, including one specifically designed for its highly anticipated robotaxi project.

Adding to the company's challenges, Tesla issued a massive recall affecting 27,000 Cybertrucks due to a camera issue, further weighing on investor sentiment. All this comes ahead of Tesla's Robotaxi event scheduled for October 10th.

Market Domination co-hosts Madison Mills and Josh Shaffer break down these developments, analyzing how these events reflect Tesla's ongoing struggle with fundamentals.

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This post was written by Angel Smith