QUICK SPARK: Tesla Stock Heads for Worst Day in Over a Year
Tesla stock plunges after Q2 earnings miss, on track for worst day in over a year. Analysts adjust price targets, citing discounting strategies and margin squeeze.
Tesla's earnings disappointed investors, and the stock is falling sharply—its worst day in a long time. When a big company misses earnings and analysts lower their price targets (their guesses about what the stock is worth), it's worth noticing what happened to their profits and prices.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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