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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'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.
Tesla (NASDAQ: TSLA) shares have been soaring since the U.S. election in early November. But as the trading week comes to a close, the stock is on track to have its second consecutive losing day ...
But Tesla’s stock has dropped more than other larger automakers since Musk announced his plans to buy Twitter in Apr. 2022. Since that date, Tesla shares are down 59%, versus 26% for Ford and 12 ...
Tesla's stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.
Shares in Tesla plunged 12% Thursday, wiping $80 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals.
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. Negative sentiment may have been heightened by news from several of Tesla's ...