Shares of Tesla (NASDAQ: TSLA) fell sharply on Tuesday, declining nearly 4% as of 11:40 a.m. EDT. The growth stock' s decline follows the electric-car maker's second-quarter report, which was released after the bell on Monday. Tesla shares are likely trading lower primarily because of a bearish day in the overall market.
Full Answer
Why is Tesla stock dropping so much?
Jul 06, 2021 · What happened. Shares of Tesla (NASDAQ: TSLA) fell on Tuesday, down 3.7% at 12:25 p.m. The electric-car maker's stock was down likely for two primary reasons: a bearish day for the stock market ...
How much is Tesla stock actually worth?
Jul 27, 2021 · Another reason for the stock's decline on Tuesday could be an analyst's decision to reiterate an underperform rating for the stock following Tesla's earnings release.
When will Tesla stock drop?
Apr 27, 2021 · Shares of Tesla(NASDAQ: TSLA)took a hit on Tuesday. The stock slid as much as 4.5% but was down 3.9% as of 11:00 a.m. EDT. The growth stock's decline followed the electric-car maker's first ...
Why is the Tesla share price tanking?
Jul 06, 2021 · What happened. Shares of Tesla (NASDAQ: TSLA) fell on Tuesday, down 3.7% at 12:25 p.m. The electric-car maker's stock was down likely for two primary reasons: a bearish day for the stock market ...
Why did Tesla stock drop this week?
Tesla shares dropped more than 11% in Thursday trading after the company said it would not produce new model vehicles in 2022 — and is not yet working on a hotly anticipated $25,000 electric car.Jan 27, 2022
Why has Tesla stock dropped today?
Tesla stock price dropped by more than 11% on Thursday in the wake of Tesla's latest earnings call to investors, in which record earnings and profit were overshadowed by the impact of continuing supply chain issues on electric vehicle and product rollouts.Jan 28, 2022
Will Tesla stocks crash?
Tesla Stock Can Survive a Stock Market Crash in 2022.Jan 24, 2022
Will Tesla continue to grow?
Tesla sales will grow by more than 50% in 2022 compared with last year despite supply chain problems, chief executive Elon Musk has said. The electric carmaker reported a record $5.5bn (£4bn) profit last year. Sales at the firm rocketed 71% to $53.8bn in 2021, as it delivered more than 936,000 vehicles to customers.Jan 27, 2022
What happened
Shares of Tesla (NASDAQ: TSLA) fell on Tuesday, down 3.7% at 12:25 p.m.
So what
In response to a Tesla owner teasing Musk on Twitter for missing a deadline to roll out the next beta version of Tesla's "self-driving" technology (which notably requires drivers to be fully attentive at the wheel and ready to take over), the CEO admitted over the three-day weekend that he hadn't expected achieving "generalized self-driving" to be "so hard, but the difficulty is obvious in retrospect." Musk did, however, say that the next version of the beta "is shipping soon, I swear!".
Now what
To Musk's credit, any driving technology used in production vehicles that even somewhat resembles full self-driving would be quite an accomplishment. In other words, this isn't your average technological development.
What happened
Shares of Tesla (NASDAQ: TSLA) fell sharply on Tuesday, declining nearly 4% as of 11:40 a.m. EDT. The growth stock' s decline follows the electric-car maker's second-quarter report, which was released after the bell on Monday. Tesla shares are likely trading lower primarily because of a bearish day in the overall market.
So what
When Tesla reported its second-quarter results on Monday afternoon, shares initially rose several percentage points in after-hours trading. Optimism for the stock wasn't surprising, as the company's revenue and earnings easily beat analysts' consensus forecasts for the two metrics. Revenue nearly doubled year over year, reaching about $12 billion.
Now what
Despite the stock's negative price action today, investors should be encouraged by Tesla's record second quarter. Not only was the automaker's financial performance impressive but management said global orders for its vehicles are at an all-time high.
