Premarket Moves: Tesla Dips on Deliveries, Disney Gains as Peltz Seeks Change

https://tokenist.com/premarket-moves-tesla-dips-on-deliveries-disney-gains-as-peltz-seeks-change/

Tesla's China-made car deliveries fell by 10.9% in September, pushing its shares down 1.8% in premarket trading. The EV giant sold 74,072 units, with Model 3 and Model Y sales dropping by 12% from the previous month. This slump highlights the growing competition in China's auto market, especially as Tesla's key competitor, BYD, reported a 42.8% surge in passenger deliveries for the same month. Despite these challenges, Tesla's market share in China nearly doubled from July to August.

Separately, Disney's shares rose after Trian Fund Management, led by Nelson Peltz, significantly increased its stake in the company, hinting at seeking more control. Trian now holds over 30 million Disney shares, valued at over $2.5 billion.