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Why Tesla Stock Fell Monday

TheMotleyFool

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Why Tesla Stock Fell Monday: https://g.foolcdn.com/editorial/images/726888/0x0-models_03.jpg

Tesla (NASDAQ: TSLA) released its first-quarter delivery data yesterday, and the stock is in decline as a result. The company delivered a record 422,875 electric vehicles (EVs) in the first quarter, but some investors were still disappointed. Shares were down by 5.2% as of 10:30 a.m. ET on Monday.

In addition to record deliveries, the company produced a record number of EVs in the quarterly period. The stock is lower, however, as some investors must have thought the results were below estimates. High overall expectations had helped push the stock higher by about 8% over the last week heading into the delivery news.

Source Fool.com

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