Tesla Falls 4% as Profit Shrinks and Musk Trims Sales Target; Rivian and Lucid Slip
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Tesla beat earnings estimates but investors are selling anyway, and the reasons go well beyond a single quarter's results. A shrinking profit, a cut spending plan, a reduced sales target, and an unresolved merger question are each pulling the stock in a different direction.
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Tesla Falls 4% as Profit Shrinks and Musk Trims Sales Target; Rivian and Lucid Slip
Tesla beat earnings estimates but investors are selling anyway, and the reasons go well beyond a single quarter's results. A shrinking profit, a cut spending plan, a reduced sales target, and an unresolved merger question are each pulling the stock in a different direction.