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Why Tesla Stock Slammed on the Brakes Monday Morning

TheMotleyFool

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Why Tesla Stock Slammed on the Brakes Monday Morning: https://g.foolcdn.com/editorial/images/703345/tesla-model-3-speeding-down-road-with-snowy-mountains-in-the-background.jpg

Shares of Tesla (NASDAQ: TSLA) skidded off the road Monday morning, falling as much as 8.8%. As of 11:14 a.m. ET, the stock was still down 8%.

The catalyst that sent the electric vehicle (EV) maker plunging was quarterly vehicle deliveries that fell short of expectations.

In a press release that dropped Sunday, Tesla revealed its third-quarter production and delivery numbers, and while the growth was robust, investors wanted more.

Source Fool.com

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