Why is Tesla Stock Collapsing? Unraveling the Reasons Behind the Fall of the Company’s Shares
The year didn’t start off well for Tesla, with its January earnings missing both sales and profit targets. The company also reported a 9% drop in revenue in the first quarter, the largest decline in 12 years. Nearly 2.2 million vehicles were recalled over issues with warning lights- almost all of those it sold in the United States.