Tesla Stock Drops 14% After Disappointing Earnings Report
Tesla shares fell sharply after reporting earnings that missed expectations due to rising costs and declining profit margins, despite a significant revenue increase. The company's operating margin dropped from 4.1% to 1.4%, while adjusted net income declined by 17%. Free cash flow turned negative as capital expenditures outpaced operational performance.
Tickers: $TSLA
Topics: automotive electric_vehicles operating_margin profitability