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Benzinga

Business

Henry Khederian

Tesla's Growth Story Battles Valuation Concerns Amid Market Crosscurrents

Tesla Inc. Elon Musk BYD

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Tesla Inc (NASDAQ:TSLA) shares are trading lower during Thursday’s session as investors digest a mixed bag of recent company news, anchored by last month’s disappointing second-quarter earnings report.

What To Know: The electric vehicle maker reported second-quarter revenue of $22.5 billion, a 12% decrease year-over-year, falling short of consensus estimates. Automotive revenue saw a steeper 16% decline, and EPS of 40 cents also missed analyst expectations.

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