Tesla shares sink 9% following earnings report, cautious commentary from Elon Musk
Publishing timestamp: 2023-10-19 13:32:22
Summary
Tesla's third-quarter results missed expectations, causing shares to fall more than 9%. CEO Elon Musk expressed pessimistic commentary about the global economy and concerns about high interest rates. Analysts were worried about the disappointing results and cautious commentary, with some questioning the impact of competition and slowing demand. Musk also tempered expectations for the Cybertruck and mentioned challenges in the company's fundamentals heading into next year.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: elon musk, tesla inc, media, enterprise, technology, breaking news: technology, breaking news: business, electric vehicles, business news, internet,