You’d think after a tumultuous year for Elon Musk’s car company, Wall Street would be cheering Tesla’s record quarterly sales. They’re not.
That’s for two main reasons: First, Tesla’s profit fell from a year ago and missed analysts’ estimates.
Second, Tesla’s sales were largely booming last quarter because customers scrambled to nab electric cars before a US tax credit expired.
Shares of Tesla (TSLA) fell 2% in after-market trading following the report, but ahead of a call for investors scheduled for 5:30 pm ET.
Dispatches From The Front 