Why Is Tesla Stock Dropping Today?
(NASDAQ: TSLA) reported financial results for its third quarter after market close Wednesday. The company finally got back to revenue growth. Overall sales increased by 12% compared to the prior-year period. That was the first time revenue grew in the last three quarters.
Yet investors are punishing Tesla shares after the report. The stock sank nearly 6% before paring those losses. As of 10:25 a.m. ET, Tesla stock was down by 3.1%.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€269.85
0.840%
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a hugely positive potential of 51.94% for Tesla Inc compared to the current price of 269.85 €.
