TESLA STOCK FALLS BIG ON DELIVERY MISS! MY OPINION

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Added 4 years ago by admin

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Elon Musk Tesla CEO is also going to court right now.
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Tesla on Wednesday reported a massive drop in auto sales for last quarter, though the company said it's confident it will still reach its annual sales goal.

About 63,000 vehicles were delivered to customers in the first three months of 2019 — a 31% drop compared to the prior quarter. The total sales figures included about 50,900 Model 3 sedans, Tesla's best-selling vehicle, and 12,100 luxury Model S sedans and Model X SUVs.
It was the first quarter-to-quarter drop in sales at Tesla (TSLA) in nearly two years and the single largest drop ever. The company posted its delivery results late Wednesday, and its stock was down more than 8% during the first few hours of trading Thursday. Investors are also watching a separate piece of Tesla news: A federal judge is scheduled to hear oral arguments in a case that securities regulators filed against CEO Elon Musk.

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