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Tesla Stock Plunges Premarket, Eyes 8-Month Low After Q4 Letdown: Key Levels To Watch

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Tesla, Inc. (NASDAQ:TSLA) shares slid in premarket trading on Thursday after the EV giant’s second straight double miss in the fourth quarter.

After the market closed on Wednesday, Tesla reported non-GAAP earnings of 71 cents per share and revenue of $25.17 billion. Both figures fell short of consensus estimates, which anticipated adjusted earnings per share of 74 cents and revenue of $25.58 billion.

The fourth-quarter core auto gross margin of 17.2% exceeded the Street estimate …

Full story available on Benzinga.com

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