Shares of Tesla sank after the company reported a fall in quarterly deliveries for the first time in two years $TSLA
faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years.
Supply chain snarls at the company's newer facilities in Texas and Germany also hurt production, with analysts warning that these issues may crimp Tesla's profits.The world's largest electric-car maker's shares fell more than 3% but reversed course to close up 2.6%, benefiting from a rally in growth stocks.
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