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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
Tesla's falling California sales point to bigger problems for the car company. Changes to the EV market are finally catching up to Tesla. Some customers and investors are losing patience with Musk ...
Tesla's shares were down as much as 12.4% in early trading on Monday, but recovered somewhat; as of 2 p.m. ET, the stock was down about 4%. A Tesla logo on an electric vehicle charger. Image ...
Tesla (NASDAQ: TSLA) shares have been soaring since the U.S. election in early November. As of 12:35 p.m. ET Friday, Tesla shares were down 4.3%. Most of that gain has come after Donald Trump won ...
Treasury yields continued to surge on sticky inflation data, dragging the market down today. Tech and artificial intelligence (AI) stocks bore the brunt of the sell-off, as the Nasdaq Composite ...
However, the main reason for today's sell-off seemed to be related to sentiment and valuation as Tesla's surge has come without any clear benefit to the business, and with the broader pullback in ...
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.
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.