Tuesday November 05, 2013

Tesla Stock Finally Disappoints

I guess it was about time for this to happen. It probably doesn't help to have Tesla's CEO say "the market is being very generous" when speaking about the company's stock valuation. eek!

Not even promises of its first deliveries to the Chinese market suffice as a weaker-than-expected outlook following Tesla's third-quarter earnings leads to a speculator stampede for the exits.