The Stock Goes Green After Hefty Loss
Core Insights - Tesla's earnings report revealed weaker-than-expected operating profit, which was approximately $1.6 billion, representing a 40% decline year-over-year, while Wall Street had anticipated around $1.8 billion [2]. Group 1 - Tesla stock initially traded below $414 but rebounded to $440.44, reflecting a gain of 0.3% in midday trading [1]. - The stock's recovery is notable given the disappointing earnings report [2].