Tesla Stock Is Falling After a Blowout July. A Shareholder Vote on Stock Split Looms.

Tesla stock was slipping back Tuesday amid a wider dip in stock markets as a crucial shareholder meeting later in the week neared.

Shares in Tesla (ticker: TSLA) were 1.5% lower in premarket trading, slightly outpacing declines in futures tracking the tech stock-heavy Nasdaq index, which fell 1%. Investor sentiment was wavering amid rising geopolitical tensions between the U.S. and China over Taiwan, which is a center of chipmaking crucial to the global tech industry.

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