Tesla shares dropped after the EV maker missed estimates on deliveries.The three major averages closed just above the flatline on Wednesday, as growing tensions in the Middle East weighed on stocks. Theprices continued to rise following Iran's firing of ballistic missiles on Israel. Energy stocks outperformed, meanwhile and represented the only S&P 500 sector that was up more than 1% in the session.
While the EV automaker's stock saw a strong third quarter, the announcement worried shareholders as Tesla has faced increased market pressure from automakers domestically and in China.a medicine research and manufacturing center following the success of two obesity and weight loss drugs. The facility will be called the Lilly Medicine Foundry and will be the site of new and more efficient drug manufacturing methods, the company said.
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