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Tesla Drops As First-quarter Deliveries Come Up Short

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According to Business Insider, Tesla shares were down almost 9% Thursday morning after the company's first-quarter deliveries fell short of expectations. The electric-car maker said Wednesday evening that 63,000 vehicles were delivered in the first quarter, missing the 64,000 vehicles that analysts were expecting and down 31% versus the fourth quarter. The sharp drop in deliveries didn't go over so well on Wall Street, with the RBC analyst Joseph Spak suggesting the miss could "translate into a ~$1bn+ revenue miss."

Added on the 04/04/2019 09:57:02 - Copyright : Wochit

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