Tesla stock plummets due to earnings

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Source: Dukascopy Bank SA


The US electric vehicle maker Tesla has missed its quarterly earnings forecasts by 2.80% and total revenue is below expectations by 1.84%. The stock price of the company was set to start Thursday's trading near the $190.00 mark, compared to fluctuating near $215.00 during the previous week.

Meanwhile, the CEO of the company Elon Musk has announced that Tesla and other EV makers have been demolished by Chinese electric vehicle makers. Moreover, the CEO has commented that trade barriers need to be established.
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