Hyperdrive
Tesla’s $350 Billion Stock Slump Shreds Investor Expectations
- First-quarter stock decline among worst such runs ever
- Sinking delivery estimates have eroded investor confidence
Enthusiasm toward Tesla has eroded significantly with investors concerned over a lack of new catalysts.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Tesla Inc. shares have shown signs of life in recent days after this year’s extreme slide, but investors lack the clarity needed to bet on any lasting recovery.
The electric vehicle maker is due to provide its first-quarter delivery numbers early next week and rapidly dropping estimates over the past month suggest a lackluster report. More importantly, recent newsflow implies tepid demand for its cars in coming months.