Tesla Stock Sank 7% Despite Record Deliveries
Record deliveries weren't enough to impress investors, but a robotaxi expansion was. Here's why Tesla's future may depend far more on AI than on cars.
Overview
A strange thing is happening with Tesla (NASDAQ: TSLA) right now. The company posted the best delivery quarter in its history, and the stock fell 7% in a day, its worst session in close to a year. Days later, a single city launch of a driverless taxi service sent the shares up by a similar amount.
Read those two moves together, and you get the real story: The market has stopped paying Tesla for its cars.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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