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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
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 stock dropped 4.8% on Monday, dropping below $200 and hitting lows not seen since late May despite a broader market rally and rebound in beaten-down tech. Two pieces of news were weighing on ...
Tesla stock is down over 11% to start the week, and has fallen a steep 27.3% year to date. ... The February shipments represent a 16% drop from a month ago, a 19% drop from a year ago, and the ...
Year to date, Tesla's stock is still up 24%, compared to a 5.6% advance for the S&P 500. Investors are probably locking in on several issues that have swirled around Tesla in recent days.
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 ...
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 ...