Tesla, Inc. (NASDAQ:TSLA) fell in premarket trading on Monday, signaling the risk of the stock snapping an eight-session winning streak, while index futures are trading on a flat note.
After a protracted broader downtrend, the electric vehicle marker’s stock began to reverse course on June 25 as market participants began pricing in better-than-feared second-quarter deliveries. The stock rally accelerated after the company announced that it sold more cars than expected. Over these eight sessions, the stock has tacked on about 38%.
Tesla’s longest-ever winning run ...