Tesla stock price crashes 10% on vehicle price cut, missed production numbers
https://techcrunch.com/2019/01/02/tesla-stock-price-crashes-10-on-vehicle-price-cut-missed-production-numbers/
Tesla is starting out 2019 in the red following news it missed Wall Street’s production estimates. The company said in a letter to investors that it delivered 90,700 vehicles during the fourth quarter. That’s a bit shy of what analysts expected. This, in part, caused the company’s stock to open nearly 8% down on the day.
Tesla stock price is down 10% as of publication.