Tesla Stock: Musk Blames ‘Tough Quarter For Everyone’ As Analysts Chop Earnings Estimates

News Snapshot:

After Tesla (TSLA) reported worse-than-expected first-quarter vehicle deliveries Tuesday, analysts cut full-year earnings predictions, with the consensus view dropping $1.00 since the end of 2023. TSLA shares traded lower Wednesday after sinking Tuesday. However, Cathie Wood and her ARK Invest funds continued to load up on Tesla stock Tuesday, making big buys in consecutive trading sessions. X Tesla stock fell slightly Wednesday. Tesla's deliveries of 386,810 in Q1 undercut even the lowest estimates and marked the lowest quarterly number since 344,000 in Q2 2022. The result was soundly criticized by bulls and bears alike. Tesla blamed the the first-quarter performance...