Tesla's stock dropped 8% yesterday on the news that Q1 deliveries fell 31% from the previous quarter but up 110% from last year. From the one year perspective, Tesla is the only car company that is growing.
Tesla announced a first quarter 31% drop in vehicles that were delivered to customers compared to the prior quarter. The news caused the stock to drop approximately 8%. Tesla's stock dropped 8% yesterday on the news that Q1 deliveries fell 31% from the previous quarter. However, being a seasonal business, car companies usually compare their results against the same quarter from the previous year.
Car analysts say the industry slowdown is due to rising car prices and higher interest rates making it harder for consumers to buy a new car.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Millennials were unloading their Tesla shares ahead of its disappointing first-quarter deliveriesMillennials shift out of Tesla ahead of deliveries drop. The move came ahead of a 9% plunge in shares Thursday.
Weiterlesen »
Roku is tumbling after Citi gets nervous about its massive 110% rally this yearRoku shares tumbled on Monday after Citi downgraded the stock to 'sell,' citing, among other factors, rising competition in the streaming arena.
Weiterlesen »
Tesla investors lose faith after first-quarter deliveries disappointA bigger-than-expected drop in Tesla Inc deliveries spooked stock and bond inves...
Weiterlesen »
Tesla Tumbles On Weak First-Quarter Deliveries And Ahead Of SEC HearingVehicle deliveries drop nearly a third from the fourth-quarter of 2018 and overall production also declined. Tesla shares fell more than 8%.
Weiterlesen »
As Tesla heads to court, shares fall as deliveries slowA federal judge will hear oral arguments about whether Elon Musk should be held in contempt of court for violating an agreement with the U.S. Securities and Exchange Commission.
Weiterlesen »
Wall Street analysts say Tesla's first-quarter deliveries were 'substantially worse' than expectedWall Street analysts were very disappointed in Tesla's first-quarter delivery and production figures.
Weiterlesen »
Tesla is plunging after first-quarter deliveries came up shortTesla on Wednesday evening announced first-quarter deliveries that fell short of expectations, sending shares down almost 9%.
Weiterlesen »
Tesla shares skid after first-quarter deliveries disappointTesla Inc shares fell 11 percent on Thursday after a bigger-than-expected drop i...
Weiterlesen »
Tesla falls short of expectations for first-quarter deliveriesTesla Inc. delivered about 63,000 vehicles in the first quarter, fewer than analysts had expected. Analysts surveyed by FactSet has expected 76,000...
Weiterlesen »
Tesla deliveries drop due to challenges shipping to Europe and ChinaTesla deliveries drop 31 percent in quarter one due to overseas shipping challenges
Weiterlesen »