Tesla Stock Falls After Weak Earnings. What Wall Street Says.

Tesla stock was dropping after weak earnings and downbeat comments from CEO Elon Musk. Wall Street wasn’t feeling very bullish after the report.

“I am worried about the high-interest-rate environment that we are in,” he said. “I can’t emphasize this enough…the vast majority of people buying a car is about the monthly payment.” Wedbush analyst Dan Ives also noticed the downbeat tone of the call, referring to it a “mini-disaster” in a report. Ives rates shares Buy but cut his target price to $310 a share from $350.

“Investors missing the forest for the trees,” he wrote in a report Thursday. He has an interesting idea that he believes people might be missing.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Stock Falls, EV Rivals Suffer, After Elon Musk Posts Weak EarningsCEO Elon Musk complained about everything from interest rates to growth. Other companies are working in the same environment.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Tesla Stock Sinks, Netflix Surges and Earnings Deluge ContinuesGovernment bonds sell off again; Netflix stock surges premarket
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow falls as Nvidia weakness, jump in Treasury yields biteStock Market Today: Dow falls as Nvidia weakness, jump in Treasury yields bite
Source: Investingcom - 🏆 450. / 53 Read more »

GameStop Corp. Cl A stock falls Wednesday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »