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DeepNewz, mobile.
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Tesla's stock experienced a significant decline in the first quarter, with deliveries expected to slump due to China competition and weak demand. The $350 billion stock slump shattered investor expectations, leading to one of Tesla's worst quarters on record. Wall Street analysts are increasingly negative on Tesla as its global dominance wanes, underperforming competitors like Ford, Stellantis, LI Auto, and BYD. Tesla finished Q1 as the worst-performing stock in the S&P 500, dropping 29% and marking its third-worst quarter since going public in 2010.
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Tesla finished Q1 as the worst-performing stock in the S&P 500 • Shares dropped 29% • It's the stock's third-worst quarter since Tesla went public in 2010 Now investors must hold their breath as they wait for Tesla's upcoming delivery numbers https://t.co/sVC28k6fTh
Tesla's tough quarter has investors anxious https://t.co/4cyvVZ8OJo
