Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers

Lululemon's stock declined after the company reported mainland China revenue fell 2% in the second quarter on a currency-adjusted basis. Tesla's stock fell following the formal launch of its Cybercab robotaxi service; the U.S. National Highway Traffic Safety Administration opened an investigation into Tesla's self-certification process and the technical data used to demonstrate federal safety compliance for the vehicles. Robinhood's stock declined after AMC Entertainment Chief Executive Adam Aron criticized Robinhood Markets for launching a tokenized version of AMC shares on its platform.

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