Tesla Stock Fell After Its Last 4 Delivery Reports, Even a Big Beat. Here's What History Says to Expect in October.
Four straight delivery updates, four down days for the stock -- and the next report may face the electric-car maker's toughest bar yet.
Overview
Over the past year, Tesla (NASDAQ:TSLA) has handed investors four quarterly delivery reports, and its stock fell on the day of every one of them.
That includes July 2, when the electric-car maker reported 480,126 second-quarter deliveries, about 74,000 more than analysts were expecting, and shares dropped about 7% anyway.
Details
These weren't bad market days, either. The S&P 500 (SNPINDEX:^GSPC) finished close to flat on all four dates. The selling was about Tesla.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.