TSLA stock tumbled to a new 6-month low of $250.50 in early trading on Thursday after Tesla (NASDAQ:TSLA) announced a decline in orders in the fiscal first quarter. The eventual loss of $702 million in the latest quarter result for 2019 had investors dropping shares.
Significant LossSince the second quarter of 2018, this was the first quarter in which the company posted an adjusted loss, and much of the trouble seems to be related to the company’s sharp drop in the number of deliveries from the fourth quarter. According to data collected by Bloomberg, analysts ...
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