Tesla’s share prices dropped on Wednesday as it released its earnings report for the last quarter. Though the company did show a profit, it was lower than was expected. Since this follows just weeks after Tesla announced layoffs, some investors have taken it to mean that the company is weak.
Tesla’s stocks are known to be volatile, so this may not be a huge deal. Since Tesla is a highly experimental company, it’s hard for the market to accurately pin down the value of the company with any certainty. It’s a very controversial stock, with many market experts on both sides of the debate – some thinking that it will be a major player far into the future and some thinking the company is doomed in the long run.
At the end of the day, no one can say for certain.
