The shares of Tesla Inc. tumbled at the open on Thursday as the electric vehicle maker's latest financial figures seemingly failed to live up to expectations.
Despite the company reporting record deliveries in the second quarter and posting a revenue beat yesterday, its adjusted earnings per share (EPS) fell short of analyst predictions. In addition, operating income plunged 57% on an annual basis, landing at $398 million.
The company's stock dropped 10.49% at 9:37 am ET, going for $334.78 apiece.
https://breakingthenews.net/Article/Tesla-slides-10-as-earnings-disappoint/66761720
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