QUICK SPARK: Tesla Stock Heads For Worst Week Since March 2020
Tesla posted record second-quarter revenue but missed on profit. The stock is down about 19% this week, its steepest weekly drop since March 2020.
Tesla made a record amount of money but didn't earn as much profit as people expected, so the stock price fell hard this week. When a company makes record sales but earns less profit than hoped, it tells us people are worried about whether the business will make money in the future.
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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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