Why Tesla Stock Crashed Today
The automaker's "massive capex year" is driving investors toward the exit lane.
Overview
Shares of Tesla (NASDAQ: TSLA) plunged on Thursday after the Elon Musk-led tech titan reported earnings that fell short of investors' expectations.
Image source: The Motley Fool.
Tesla's revenue rose 26% year over year to $28.2 billion in the second quarter. The gains were fueled by a 23% jump in automotive sales to $20.5 billion, a 13% rise in energy generation and storage revenue to $3.1 billion, and a 50% surge in services and other revenue to $4.6 billion.
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Originally published at www.fool.com.
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