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Tesla Stock Drops on Earnings Release: 7 Key Metrics You Should See

TheMotleyFool

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Tesla Stock Drops on Earnings Release: 7 Key Metrics You Should See: https://g.foolcdn.com/editorial/images/705504/tsla-stock-earnings-model-y.png

Tesla (NASDAQ: TSLA) stock is down 7.2% on Thursday as of 9:52 a.m. ET, following the electric vehicle pioneer's release of its third-quarter report yesterday.

The stock's drop is probably largely attributable to the quarter's revenue coming in a little lighter than Wall Street's consensus estimate. Given the challenging market conditions in 2022, many investors are reacting more unfavorably to even relatively minor blips in quarterly earnings reports than they did when the market was in a bull mode.

There was much to like about the report. Adjusted earnings per share (EPS) beat the analyst expectation, and revenue, operating profit, and free cash flow set quarterly records.

Source Fool.com

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