Tesla Drops as Vehicle Sales Miss Some Analysts’ Estimates
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Tesla Motors Inc., the top seller of premium all-electric autos, slid as much as 11 percent after reporting quarterly vehicle sales that missed some estimates and lower revenue from regulatory credits.
The shares plunged as low as $156.60 before the markets opened after the company also projected little-changed fourth-quarter earnings yesterday. They had surged more than fivefold this year before today.