Ouch! Why Tesla, Inc. Stock Got Slammed Thursday
![Ouch! Why Tesla, Inc. Stock Got Slammed Thursday Ouch! Why Tesla, Inc. Stock Got Slammed Thursday](https://g.foolcdn.com/editorial/images/461989/tesla-model-3-tsla.jpg)
Shares of Tesla (NASDAQ: TSLA) fell as much as 8.9% on Thursday, in the aftermath of the company's third-quarter earnings release. The stock is down about 7% at the time of this writing.
The stock's decline likely reflects disappointment in the company's wider-than-expected loss per share and an approximately three-month delay for Model 3 production. Tesla reported a non-GAAP loss per share of $2.92, worse than its non-GAAP gain per share of $0.71 in the year-ago quarter and worse than a consensus analyst estimate for a loss of $2.31.
Tesla Model 3 units ready for delivery. Image source: Tesla.
Source: Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 18.08% compared to the current price of 203.25 € for Tesla Inc.