Tesla Stock Sinks 9.3% On Profit Miss, Mexico Plant Pause; Cybertruck Deliveries Set For Nov. 30
Tesla stock sinks to 9.3% during a profit miss as the Mexico plan pauses their work during the Cyber attack deliveries. It sank to 9.3% to the lowest level. You need to know the exact reasons behind why these things happened to Tesla.
The future of Mexico’s Giga factory is of great concern nowadays. It reports a top-line revenue of $23.4 billion. It misses the estimates of $24.06 billion to a great extent. You need to get through the complete details of it while attaining your needs with complete ease.
Tesla stock has fallen for various reasons. You need to know the reasons before you draw any kind of conclusion from your end.
Reasons For Tesla’s Downward Stock Flow
There are several reasons for the downward stock flow of Tesla. You must get through the process to have a clear insight into it. Some of the core reasons behind the downward flow of the Tesla stocks are as follows:-
- Cost-cutting measures by Tesla since last year resulted in downward pressure on the profit margins of Tesla.
- Tesla reported a Q3 gross margin of 17.3%. You need to get through the details of the facts to have a better idea about it.
- The gross margin it delivered in this quarter is 16.3% vs Teslas vs 17.6% of the gross margins of Tesla.
Hence, the cost-cutting technique of Tesla is proving to be harmful to them. Elon Musk needs to take immediate measures to stop the decline in the profitability of the company shortly. Tesla stock has fallen for various reasons. You need to know the reasons before you draw any kind of conclusion from your end. If this thing continues to happen, then things can turn worse for them in all possible ways.
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