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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Explained: Why Tesla shares crashed 7% to record worst single-day fall in 1 year despite record Q2 sales

Tesla Inc. Elon Musk United States

Shares of Tesla crashed around 7.5% on Thursday even after the Elon Musk-led company posted record-setting second-quarter delivery numbers that smashed Wall Street's estimates.

Tesla shares closed at $393.45 per share on Thursday to record its steepest single-day plunge since July last year. This came after a 12% rally in the stock price earlier in the holiday-shortened week.

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