PDD Faces 'Intensified Competition,' TSLA Price Target Trimmed

Jenny Horne turns to two stories behind some of the premarket's downside trading action. PDD Holdings (PDD) slipped despite its 24% increase in year-over-year revenue. Jenny points to the company's commentary citing "intensified" competition in the ecommerce space. Tesla (TSLA) drove lower after Piper Sandler cut its price target on the stock to a still bullish number.

Morning Trade Live

20 Mar 2025

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