Random Image Display on Page Reload

Tesla shares slump nearly 15% after earnings flop

NEW YORK — Shares of Tesla sank nearly 15 percent Thursday after results from Elon Musk's electric vehicle company missed analyst expectations amid questions over huge capital spending plans.

Tesla was joined in the Wall Street doghouse by Google parent Alphabet, which dropped nearly seven percent as the tech giant also faced scrutiny over the payoff from huge artificial intelligence investments.

Source: Manilatimes

Check Also

World’s largest motorcycle rally roars into Sturgis as bikers flood tiny US town

World’s largest motorcycle rally roars into Sturgis as bikers flood tiny US town

The 86th Sturgis Motorcycle Rally is drawing 500,000 riders to South Dakota's Black Hills with Lainey Wilson headlining and new Harley-Davidson debuts.