Why Did Tesla’s Stock Crash?

Tesla, Inc. has been keeping its word on hitting Model 3
production targets and financial goals – at least compared to what
happened with the delayed schedules of the luxury Model S and Model
X launches in recent years. CEO Elon Musk and other top executives
yesterday broke the news during an investor shareholder call that
its long-promised commitment to reach 5,000 Model 3 units rolling
off the assembly line by the end of this year won’t be met. The
company also reported that production costs have been heavy, with
its largest quarterly…

Tesla, Inc. has been keeping its word on hitting Model 3
production targets and financial goals – at least compared to what
happened with the delayed schedules of the luxury Model S and Model
X launches in recent years. CEO Elon Musk and other top executives
yesterday broke the news during an investor shareholder call that
its long-promised commitment to reach 5,000 Model 3 units rolling
off the assembly line by the end of this year won’t be met. The
company also reported that production costs have been heavy, with
its largest quarterly…