Tesla’s stock is tumbling
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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.
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Tesla shares tumbled in extended trading Wednesday after the EV maker's quarterly results fell short of Wall Street’s expectations and CEO Elon Musk warned of a "few rough quarters" ahead. Monitor these key chart levels.
Elon Musk says Tesla could hit a $20 trillion valuation with “extreme execution.” But with earnings slipping and Bitcoin holdings limited, is that even realistic? Here's the math behind the moonshot.
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.
President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."
A new, lower-priced Tesla EV is slated to hit roads in the fourth quarter. It might not be what investors expect.
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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.