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Tesla Falls Short Of Expectations, Shares Drop

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Tesla shares fell Wednesday after the company reported fourth-quarter profits that were under analysts' expectations. Business Insider says the report came two weeks after the electric-car company announced 3,000 job cuts. Adjusted fourth-quarter earnings per share came to $1.93. Wall Street expected $2.10. The company said it would "continue to produce Model 3 vehicles at maximum production rates throughout 2019." Tesla also said that there remained "room for more improvement." Since reaching a high of $387.46 last August, Tesla shares have fallen by 21%.

Added on the 30/01/2019 16:56:36 - Copyright : Wochit

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