Tesla Stock Crashed Today. Why Elon Musk Thinks It's Time to Buy.
Tesla CEO Elon Musk just gave investors a bold prediction for a potentially massive imminent revenue boost.Investors knew electric vehicle (EV) sales have been slumping for Tesla (TSLA -8.70%). The EV leader announced a 13.5% year-over-year drop in second-quarter deliveries on July 2. Yet the stock is tanking today after Tesla reported its full second-quarter financial update today.Shares dropped as much as 10% before paring some of that loss. As of midday trading, Tesla stock was still down by about 9% aft ...