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Tesla share price slide after quarterly balance sheet for Q4

2021-01-27T21:49:31.601Z


Stock market high-flyer Tesla delivered more cars in the fourth quarter than ever before and achieved higher sales than expected. The stock gives way anyway.


Icon: enlarge

Tesla boss Elon Musk: quarterly record for deliveries

Photo: 

LUCY NICHOLSON / REUTERS

The US electric car maker Tesla delivered 180,570 cars in the fourth quarter, more than ever in a quarter.

The turnover of

Elon Musk

(49) led company rose to $ 10.7 billion from $ 7.3 billion in the same quarter of the previous year.

As a result, sales rose a little more than analysts had expected in advance.

"In the long term, we expect annual growth of 50 percent in car deliveries," said Tesla on Wednesday evening after the market closed.

Nevertheless, investors were disappointed.

The shares of Tesla, which had already lost around 2.2 percent in a weak overall market, lost another 3 percent after the figures were announced in after-hours trading and fell to 836 dollars.

In view of Tesla's rapid price rally, however, this slight setback is hardly significant.

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Source: spiegel

All news articles on 2021-01-27

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