Tesla stock tumbled after releasing earnings last week, and the shares were falling again on Tuesday. While the problem is more likely one of sentiment than anything fundamental, one analyst argues that a new regulatory disclosure shows it was even less profitable than it looked.
The back story. Tesla stock has dropped 28% in 2019, and its first-quarter earnings, which revealed a wider-than-expected loss helped knock the stock out of a range it had been stuck in for two years. CEO Elon Musk’s ongoing battle with the SEC... Subscribe or Sign In to continue reading.
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