Tesla shares fell nearly 15% after weak financial report
Kyiv • UNN
Tesla shares plummeted after the release of financial results for the second quarter, which fell short of analysts' expectations. The stock price dropped nearly 15%.
Shares of American electric vehicle manufacturer Tesla fell sharply after the release of second-quarter financial results, which were worse than analysts' expectations. This is reported by Yle, writes UNN.
Details
After the announcement of the report for April–June, the company's shares began to lose value, and on Thursday their price fell by almost 15%.
According to Yle, shares of Google's parent company, Alphabet, also showed a significant decline. Despite the fact that the company's financial report exceeded analysts' forecasts, its securities also lost value.
Against this backdrop, the main stock indices of the New York Stock Exchange ended trading on Thursday mostly lower.
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