Tesla shares drop as Wall Street grows frustrated with production forecasts

Tesla shares drop as Wall Street grows frustrated with production forecasts

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/02/tesla-analysts-have-had-enough-of-musks-funky-forecasts.html

Tesla shares dropped more than 5 percent Thursday as Wall Street questioned how much leeway it should continue to give the automaker's outspoken founder, Elon Musk.

Tesla reported a wider-than-expected loss Wednesday evening and said the production of its mass market Model 3 sedan won't meet previous forecasts for another three months. That sparked a sell-off in the shares in after hours trading that continued into Thursday morning as Wall Street analysts voiced their disappointment with Musk's comments on a conference call to discuss the numbers.

Tesla shares drop as Wall Street grows frustrated with production forecasts

Nov 2, 2017, 2:40pm UTC
https://www.cnbc.com/2017/11/02/tesla-analysts-have-had-enough-of-musks-funky-forecasts.html >Tesla shares dropped more than 5 percent Thursday as Wall Street questioned how much leeway it should continue to give the automaker's outspoken founder, Elon Musk. >Tesla reported a wider-than-expected loss Wednesday evening and said the production of its mass market Model 3 sedan won't meet previous forecasts for another three months. That sparked a sell-off in the shares in after hours trading that continued into Thursday morning as Wall Street analysts voiced their disappointment with Musk's comments on a conference call to discuss the numbers.