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Tesla Is Plunging After First-Quarter Deliveries Came Up Short

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Tesla shares were down almost 9% Thursday morning after the company's first-quarter deliveries fell short of expectations. The electric-car maker said that 63,000 vehicles were delivered in the first quarter, missing the 64,000 vehicles that analysts were expecting. The sharp drop in deliveries didn't go over so well on Wall Street, with analysts suggesting the miss could "translate into a ~$1bn+ revenue miss." The negative reaction from Wall Street put pressure on Tesla shares, sending them below the $270 mark ahead of Thursday's opening bell.

Added on the 04/04/2019 07:24:04 - Copyright : Wochit

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