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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 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 ...
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.
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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 ...
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.
Tesla finally hit a speed bump after a blistering post-election rally.
Regulators want to know whether CEO Elon Musk is joking about taking Tesla private.