Tesla’s stock is tumbling
Digest more
Tesla reported second-quarter results after Wednesday's closing bell, unveiling profits and sales in line with Wall Street expectations. Losses mounted for the stock, however, as the company's call with analysts sowed more doubts than offered answers about Tesla's prospects and Chief Executive Elon Musk said he could see potential for "a few rough quarters" ahead.
Tesla's share price closed Thursday's session following the announcement of its June quarter results 8.20% lower at $305.30. Following the sharp selloff yesterday, Tesla's market capitalisation also declined $984.
Tesla shares plummeted as CEO Elon Musk’s promises for robotaxis failed to excite investors following another disappointing earnings report.
Find out how much you'd have if you had invested in Musks's several ventures back in 2015, some of these numbers may surprise you.
A new, lower-priced Tesla EV is slated to hit roads in the fourth quarter. It might not be what investors expect.
2d
Investor's Business Daily on MSNDow Jones Futures: Tesla Earnings Fall, Elon Musk Sees 'Rough' Quarters; Trump Trade Deals Lift Stock MarketThe S&P 500 hit a high on Trump trade deals. Tesla fell late as Elon Musk sees "rough quarters." Google rose on earnings.