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Tesla Stock Falls After Its Earnings ‘Mini-Disaster’

Por: MarketWatch Business October 20, 2023

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Price cuts were responsible for the decline in profitability. The economy is simply making it harder to sell cars, something Musk mentioned several times on the earnings conference call. “I am worried about the high-interest-rate environment that we are in,” he said. “I can’t emphasize this enough…the vast majority of people buying a car is about the monthly payment.” Tesla stock fell 9.3% to $220.11 a share, while the dropped 0.9%... + full article



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