Reported 1 day ago
Elon Musk's Tesla is facing significant evaluation challenges as it reports weaker than expected earnings for the second quarter, resulting in an 8.2% drop in its stock price. Investors are uncertain about the company's identity as it balances between being an electric vehicle manufacturer and a tech innovator focusing on autonomous features. With rising competition, potential losses from expiring government credits, and Musk's history of delayed promises, there's a cautious sentiment among investors as they wait for more concrete developments.
Source: YAHOO