Electric Car Maker Tesla Share Price Plunges

Watts Up With That?

Guest essay by Eric Worrall

Elon Musk’s Tesla shares have plunged in value this week. Analysts cite competition and production concerns.

Tesla’s Stock Selloff Messes Up Musk’s Big Week

By Dana Hull
8 July 2017, 02:47 GMT+10

  • Execution and competitive risks cloud cheaper car’s arrival
  • Stock is on course for its worst week since February 2016

This was supposed to be Elon Musk’s big week, capped by Tesla Inc.’s first Model 3 sedan rolling off the assembly line. Instead, shares that had been riding high in anticipation of his most consequential car yet are poised for their worst week in almost a year and a half.

troublesome quarterly sales report, the emergence of competing electric vehicles from the likes of Volvo Car Group and lingering concern about Tesla’s ability to mass produce have sent its stock down 13 percent this week. Modest gains in Friday trading still have…

View original post 229 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s