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Why Tesla Stock Sank Today [Globe and Mail, The (Toronto, Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The company's Q1 results weren't a gamechanger, but the company laid out expansion plans for its robotaxi and Optimus businesses. Tech stocks broadly headed lower today. Tesla (NASDAQ: TSLA) stock closed out Thursday's trading in the red. The company's share price moved lower in a daily session that saw the S&P 's level decline 0.5% and the Nasdaq Composite 's level slip 1.1%. Tesla reported its first-quarter results after the market closed yesterday, delivering earnings that beat Wall Street's forecast despite sales that came in below expected levels. In addition to some concerns regarding the company's forward spending profile, a bearish shift on tech stocks also weighed on Tesla's valuation today. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Tesla's Q1 results were
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