Tesla shares fall 8% in premarket trading after earnings miss
Tesla shares fell more in premarket trading in the U.S. after it reported second-quarter earnings that missed expectations.
Tesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.
Elon Musk's electric vehicle firm reported that automotive revenue dropped 7% year-on-year in the June quarter to $19.9 billion while its adjusted earnings margin also declined.