"Tesla Inc.'s ( NASDAQ: TSLA) share price has retreated 6.4% in the past week. The company warned of a sharp drop in fourth-quarter deliveries, and a major supplier contract restatement hinted at declining demand for the Cybertruck. The stock is still 43.1% higher than six months ago, outperforming the S&P 500 in that time. However, Tesla stock is only 8.9% higher than a year ago, underperforming the Nasdaq."
"Tesla has managed to thrive, boosting earnings and revenue even in high-interest-rate environments. Tesla's Model S was the best-selling plug-in electric car in both 2015 and 2016. The mass-market Model 3 sedan followed, becoming the best-selling electric car from 2018 to 2021. The Model Y, a mass-market SUV version of the Model 3, debuted in 2019, with deliveries beginning in 2020. Since then, Tesla stock has experienced incredible growth."
Tesla shares retreated 6.4% over the past week after a warning of a sharp drop in fourth-quarter deliveries and a major supplier contract restatement that hinted at declining demand for the Cybertruck. The stock was 43.1% higher than six months earlier but only 8.9% above the prior year. Tesla's market value has increased about 28,500% since its June 2010 IPO adjusted for splits. Tesla boosted earnings and revenue through margin expansion from manufacturing cost cuts, growth in energy storage and charging networks, and strong sales of the Model S, Model 3 and Model Y.
Read at 24/7 Wall St.
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