What’s Going On With Tesla Stock Today
Tesla Inc TSLA shares are trading lower by 6.40% to $207.83 Thursday morning after the company reported worse-than-expected third-quartersales results.
So What Happened?
Tesla reported third-quarter revenue of $21.45 billion, up 56% year-over-year. The total came in shy of analyst estimates of $21.96 billion. The company also reported automotive revenue of $18.69 billion in the third quarter, up 55% year-over-year.
In the third quarter, Tesla reported record revenue, free cash flow and operating profitsdespite what the company called material headwinds….Read More
Tesla also received a number of analyst rating updates Thursday morning: Deutsche Bank analyst Emmanuel Rosner maintainedTeslawith a Buy and loweredthe price target from$390to$355 Wedbush analyst Daniel Ives maintainedTeslawith an Outperform and loweredthe price target from$360to$300 RBC Capital analyst Joseph Spak maintainedTesla with an Outperform and loweredthe price target from$340to$325
See Also:Why Alcoa Shares Are Falling Sharply During Wednesday's After-Hours Session
According to data fromBenzinga Pro,Tesla has a 52-week high of $414.50 and a 52-week low of $204.16.
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