Breitbart: Tesla shares plummeted by as much as nine percent Wednesday after the company once again failed to meet delivery estimates for the fourth quarter.
CNBC reports that Elon Musk’s Tesla has yet again run into another stumbling block, once again failing to meet its expected fourth quarter delivery estimates. Tesla claimed to have delivered 90,700 vehicles in their fourth quarter, short of Wall Street projections for the company. Tesla also claimed to have boosted their production levels in the fourth quarter significantly, from 80,142 in the third quarter to 86,500 in the fourth.
CFRA analyst Garrett Nelson commented on the company’s sudden stock drop stating: “Tesla shares tend to a have a lot more noise and volatility than most, but we think investors who are willing to take a longer-term view of the story will be rewarded handsomely and continue to believe Tesla is on track to post one of the market’s most robust year-over-year earnings increases in 2019.”
Tesla also plans to cut the prices of all their vehicles by $2,000 in an attempt to offset a reduction in federal tax credits for drivers who buy electric vehicles, previously buyers received $7,500 in federal tax credits but this figure was recently cut in half. Wedbush Securities analyst Dan Ives told CNBC that Tesla’s failure to meet Wall Street projection was something that his firm had been prepared for: “It was a move that was within the realm of possibility, but it caught investors off guard,” he said. more
Fun fact: “TESLA” is an anagram of “STEAL”.
🙂
Do not be so happy! Most of RESLA’s $ is your taxes. thank the UNIPARTY; but their failure means your taxes are gone!
And Musk is an anagram for SKUM.
Awww gee, couldn’t happen to a better charlatan.
At least Edison was able to pull off his chicanery.