Tesla Stock Faces 9% Drop on Fourth-Quarter Earnings Shortfall, Lowered Production Growth Forecast
Tesla (TSLA) stock saw a 9% drop early Thursday following the company’s announcement of fourth-quarter earnings that missed expectations. The electric car giant posted gross revenue of $25.17 billion in the fourth quarter, slightly below the expected $25.87 billion. Despite a 3% increase in revenue compared to the previous year, Tesla’s adjusted earnings per share…