Tesla Stock Tumbles 10% After Profit Miss; Full Year Capex Spend of $25 Billion Confirmed Tesla's latest quarterly report has left investors perplexed, as the company's aggressive expansion into new technologies and services comes at a steep cost.
The electric vehicle maker's stock plummeted 10% in early trading Thursday, despite beating revenue expectations but falling short on earnings per share.
The elephant in the room is Tesla's cash burn rate, which remains a persistent concern for investors. Although the company's free cash flow burn was less than expected at $1.