Tesla Stock Dips 3.3% Amid Flat Q3 Revenue and SpaceX Merger Wariness
Photo: Coinpedia
Tesla stock is down 3.32% in after-hours trading following flat revenue, a 43% slash in net income, and an EV production backlog. Investors are highly wary of the merger with SpaceX due to its capital intensity, regulatory hurdles, historical failures of similar mergers, and national security concerns. Analysts still give TSLA stock a Buy rating, with a price target of $402. Tesla (Nasdaq: TSLA) stock has tanked 3.32% in the after hours to trade at $373.65 following a mixed Q3 earnings call and skepticism over merger talks with aerospace company SpaceX.
Source: Coinpedia
