(NASDAQ: TSLA) stock is sinking Thursday following the company's latest quarterly report. The electric vehicle (EV) leader's share price was down 8.5% as of 10:30 a.m. ET amid a 0.1% gain for the S 500 and flat trading for the Nasdaq Composite. The stock had been off as much as 9.5% earlier in trading.

Tesla published its second-quarter results after the market closed yesterday, and the results came in below already lowered expectations. Adding more bearish pressures, the company issued some potentially concerning guidance, and a new report also showed that the automaker was continuing to lose market share in Europe.

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Source Fool.com