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For the period, Tesla reported a 9% drop in its deliveries and a 9% drop in revenue. Its gross margin dipped 2 percentage points to 17.4%, while its net income nosedived by 55% to $1.1 billion.
Tesla stock closed 5.7% lower on Thursday after Reuters reported Trump's team has drawn up plans to eliminate the $7,500 tax credit for electric vehicle buyers as part of a broader tax reform.
Tesla also issued its sixth recall this year for the Cybertruck, this time over a faulty drive inverter component. Tesla wasn't the only EV stock to fall on the news. Why Tesla Stock Was Sliding Today
In a note on Monday, the bank maintained its "sell" rating on Tesla stock and issued a price target of $226 a share. Though that's slightly higher from the bank's previous price target of $197 a ...
Image source: Tesla. Musk's magical number: $30,000. In an event high on glitz but low on detail, Tesla CEO Elon Musk posited a $30,000 sticker price for his new fully autonomous Cybercab and a ...
Investors appear to be questioning the valuation after the stock jumped nearly 40% over the four sessions after the election. As of 2:56 p.m. ET, the stock was down 5%. A Tesla Model 3 on a snowy ...
Some investors are selling the stock today ahead of that report. Tesla shares dropped as much as 5% before paring some of that drop. The stock was trading lower by 2% as of 2 p.m. ET.
Now, the big issue for investors is reevaluating Tesla’s stock price. On Friday, more than $60 billion was wiped off of Tesla’s valuation in a sell-off, a sharp reversal from the stock’s ...