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Zenger
Zenger
World
Shanthi Rexaline

Tesla Slumps Despite Earnings Beat, Rivian Bullish, Nikola Sells Hydrogen Project: EV Stock Roundup

Tesla Inc. Nikola Rivian Hydrogen Elon Musk Vijay Rakesh India Nasdaq NYSE
Tesla co-founder and CEO Elon Musk stands in front of the newly unveiled all-electric battery-powered Tesla's Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. Most underperforming electric vehicle stocks staged a modest comeback in the week that ended on July 21, although market leader Tesla, Inc. (NASDAQ:TSLA) took a tumble as investors shrugged off a second-quarter beat and focused on certain comments from company CEO Elon Musk. PHOTO BY FREDERIC J. BROWN / GETTY IMAGES

Most underperforming electric vehicle stocks staged a modest comeback in the week that ended on July 21, although market leader Tesla, Inc. (NASDAQ:TSLA) took a tumble as investors shrugged off a second-quarter beat and focused on certain comments from company CEO Elon Musk.

Tesla reported better-than-expected earnings and revenue for the quarter. Its vehicle margin, excluding regulatory credits, even came in better than expected. Investors, however, sent the stock down by about 10% in a post-earnings reaction on Thursday.

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