Chinese EV stocks tank after Tesla earnings disappoint

Hong Kong-listed shares of Chinese EV makers plunged Thursday morning after Tesla CEO Elon Musk delivered grim news on Tesla's outlook on Wednesday.

Tesla posted lower-than-expected third-quarter results on Wednesday where the company missed earnings and sales estimates.It was the first time Tesla, co-founded by Elon Musk, missed on both earnings and revenue since second-quarter 2019. Musk said the company is working to bring down the prices of its cars amid high interest rates, but it is as challenging as"Game of Thrones, but pennies."

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Chinese EV makers sink tracking disappointing Tesla Q3 earningsChinese EV makers sink tracking disappointing Tesla Q3 earnings
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Tesla Earnings Preview: Price Cuts to Hurt Margins or Drive Market Share Growth?Stocks Analysis by Investing.com (Günay Caymaz) covering: Tesla Inc, Tesla Motors Inc, COMMERZBANK AG ZT TESLA MOTORS INC 31Dec99, Banca IMI SpA ZT Tesla 10Jun20. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »