Tesla Stock Falls
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Tesla, Elon Musk
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Amazon S3 on MSNTesla Stock Slides After Missed Estimates, Sales Decline, and Musk Warns of Rough QuartersTesla shares fell 8% on Thursday after the company reported its second consecutive quarter of declining auto sales and missed revenue estimates, according to CNBC. Automotive revenue dropped 16% year over year to $16.
Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.
Gary Black expressed skepticism about Tesla's robotaxi test in SF. Black says FSD cannot be fully autonomous until safety driver is removed.
Tesla is facing a rough path ahead and will likely struggle unless Elon Musk fixes his public image, longtime investor Ross Gerber says.
The company reported the steepest decline in quarterly revenue in more than a decade, with a 12% fall, as it battles strong competition from cheaper electric vehicles and a backlash against CEO Elon Musk’s political views.
Tesla reported another quarter of reduced profits after Elon Musk’s stint in the Trump administration. The president’s tax bill creates new business challenges.
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
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TipRanks on MSNTesla options imply 6.3% move in share price post-earningsPre-earnings options volume in Tesla (TSLA) is normal with calls leading puts 5:4. Implied volatility suggests the market is anticipating a move