TSLA: Why Tesla Stock Is Moving Today

Shares of Tesla (TSLA, Financial) experienced a significant decline, dropping 3.37% after the company reported Q3 2024 electric vehicle deliveries of 462,890, which fell short of analysts' estimates. This decline follows a broader trend of slower growth, with deliveries in the first six months of 2024 down approximately 7% year over year.Currently, Tesla's stock price stands at $249.33, with a market capitalization of $796.52 billion. Despite these figures, the price-to-earnings (P/E) ratio is notably high ...