Tesla Motors Inc. (Nasdaq: TSLA) stock tumbled Wednesday after CEO Elon Musk said the company might not be profitable until 2020 and that sales slowed in China amid charging concerns.
Tesla stock slumped some 9% to $185 (yesterday's low) on brisk volume right out of the gate. Shortly before noon, TSLA was down 7% at $190.
Here's a closer look at why Tesla stock is down - and what it means for investors moving forward...
Tesla Motors Inc. (Nasdaq: TSLA) stock tumbled Wednesday after CEO Elon Musk said the company might not be profitable until 2020 and that sales slowed in China amid charging concerns.
Tesla stock slumped some 9% to $185 (yesterday's low) on brisk volume right out of the gate. Shortly before noon, TSLA was down 7% at $190.
Here's a closer look at why Tesla stock is down - and what it means for investors moving forward...
