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↘️ Tesla (TSLA): Tesla stock slipped in early trading, after reports by the Financial Times and Bloomberg highlighted how the company could be swept up in a European Union probe of Chinese subsidies for electrical-vehicle exports.
↘️ Sirius XM (SIRI): Majority shareholder Liberty Media proposed combining Sirius XM with the group of tracking stocks (LSXMA) that holds Liberty’s existing stake in the satellite-radio company. Sirius stock fell about 9%, while Liberty’s Class A tracking stock gained 6%.
↘️ Chip stocks including ASML (ASML) declined in early trading, amid broader weakness in shares of big technology companies.
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