Tesla’s stock falls 22% from its high
Tesla’s stock price is at $391, down 22% from its 52-week high of $498.83.
The company delivered 480,126 vehicles in Q2, up 25% year over year.
One firm predicts a 67% plunge from the current price, citing lower earnings per vehicle due to price cuts and rising input costs.
Tesla’s first-quarter revenue rose 16% year over year to $22.4 billion, with services and other segments also growing.