why did tesla stock drop after earnings

Tesla shares dropped more than 11 in Thursday trading after the company said it would not produce new model. The SP 500 and Dow Jones Industrial Average both rose about 04.

Tesla Stock Price Pattern Points To A 22 Meltdown

Why did Teslas stock fall after their most recent earning report.

. The company earned 270 million or 24 cents a share in the fourth quarter compared with earnings of 105 million or 11 cents a share. A Beta of 2 means that if the SP 500 drops 19 as it did Wednesday the move in Tesla stock should be about 38 or two times 19. A bottom line that exceeded expectations by 17 isnt enough to push the stock into positive territory.

Answer 1 of 21. Shares fell 48 on Monday after the electric-vehicle makers chief executive and largest shareholder Elon Musk indicated he might sell 10 of his holdings following a. SP Dow Jones Indices has removed electric-vehicle giant Tesla TSLA from its sustainability benchmark as part of the indexs fourth annual rebalance after the Elon Musk-led companys ESG.

Earnings are a record and better than expected but analyst estimates have been rising. Revenue rose 449 year over. Teslas Beta is quite high at about 2.

Because it was worse than expected - Tesla is making money on each car sold but a little less than expected and Tesla has spent more than was expected on the new factories that it is building. May 18 2021. Shares of electric vehicle EV kingpin Tesla NASDAQ.

Tesla reported 186 in per-share earnings from about 138 billion in sales beating Wall Streets estimate for about 167 a share but missing its forecast for 139 billion in sales. TSLA is trading lower by 3 in Thursdays premarket after missing fourth-quarter 2020 profit estimates by 023 per share earning just 080 per share. Tesla shares suffered their steepest drop of the year after the electric car maker reported a wider-than-expected loss and disappointing revenue and announced the departure of co.

Teslas share price fell sharply on Thursday after the companys record earnings posting failed to reassure investors over supply chain struggles. Shares of Tesla TSLA were down more than 5 in morning trading Thursday after the company posted a wider-than-expected fourth quarter loss. Its stock initially popped in after-hours trading but closed down 5 on Thursday and lost another 64 on Friday.

But with a valuation still. An aerial view of the Tesla Fremont Factory on May 13 2020 in Fremont California. Tesla TSLA stock fell as much as 7 in after-hours trading.

For all of todays Tesla news please see the included video. What is going on with Tesla stock recently and how much are Elon Musks tweets impacting its performance. 26 Tesla TSLA -680 will report its Q4 earnings for fiscal year 2021 -- so the fact that Tesla stock is falling today doesnt portend particularly well.

The stock closed at a record just above 883 on January 26 and has tumbled since. That wont change after the latest stellar quarterly report from the. You can blame two Wall Street analysts for.

Despite Elon Musks assurance that his companys. Lets look at the technical charts and see what exactly is happening. On Monday after market hours Tesla TSLA.

But Tesla shares dropped 53 Wednesday. Electric-vehicle maker Tesla crushed earnings estimates Wednesday evening. Shares of Tesla TSLA fell 6 Tuesday after closing down 85 Monday wiping out its gains for the year.

TSLA dropped sharply in Wednesday early afternoon trading falling 52 through 1210 pm. TSLA s stock has risen by nine-fold in the past year as its market value has soared to 420 billion amid growing optimism. Its harder to lose a lot of money quickly in a less volatile stock.

After having hit the 12 trillion market cap threshold Tesla shares are down almost 25 since Jan. Reported lower-than-expected profit and record revenue mixed results that disappointed investors used to razzle-dazzle from the. The stock dropped 6.

Bulls and bears continue to debate Tesla and its highflying stock. Hello Every stock falls time to time and reason could be bad news or technical correction and technical correction means less strength in the stock when more sellers are active than the buyers. Tesla TSLA swung around pretty wildly in the after-hours market on Wednesday following its earnings release.

Whats more thats relative to the SP 500 and Nasdaq Composite index.

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