Why Tesla Stock Slammed on the Brakes Monday Morning
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