Why Tesla Stock Just Crashed

Category: Finance

Tesla's stock fell 11% after missing earnings forecasts, reporting $0.52 per share instead of the expected $0.62. While sales increased to $25.5 billion, automotive sales dropped 7% year over year. The company's energy division saw growth, but rising operating expenses and shrinking profit margins raise concerns for investors, making the stock less attractive at a high valuation.

Keywords: Tesla, stock market, earnings report

Source: Motley Fool

Update At: 7/25/2024

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