Tesla earnings miss, stock turns lower as Musk tempers Cybertruck expectations

Tesla Inc. investors initially looked past an earnings miss for the EV maker on Wednesday, focusing on some good news about the Cybertruck, but stock gains vanished after Chief Executive Elon Musk threw cold water on optimism about the electric pickup truck.

Tesla shares TSLA rallied as much as 2% immediately following the company’s third-quarter results after the bell, but ended the after-hours session down 4.2%.

“I…

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Housing is now overvalued in 88% of the U.S., says ratings agency Fitch

Manchester United football club announces deal to sell up to 25% of club to Jim Ratcliffe

Why the U.S. government is changing the way it collects data on the oil market

Oil prices finish lower as U.S. crude supplies mark a 2-week climb of more than 17 million barrels

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Tesla earnings miss, stock turns lower as Musk tempers Cybertruck expectations

admin

Leave a Reply Cancel reply

U.S. industrial output up 0.3% in September as auto strike has limited impact

U.S. stocks reverse losses as Treasury yields slip while Powell warns more interest rate hikes may be in store

Latest from Investment

Housing is now overvalued in 88% of the U.S., says ratings agency Fitch

Manchester United football club announces deal to sell up to 25% of club to Jim Ratcliffe

Why the U.S. government is changing the way it collects data on the oil market

Oil prices finish lower as U.S. crude supplies mark a 2-week climb of more than 17 million barrels

Drop in grain prices may lead to stronger corn and soybean demand, tighter wheat supplies