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Home›US Markets›Equities›Tesla shares plunge as cash flow turns negative and ea…

Tesla shares plunge as cash flow turns negative and earnings miss

CNBC reports Tesla stock is down nearly 18% over the week after the company missed on earnings and saw cash flow turn negative.

Reported · Written up by our desk · Equities

Tesla shares plunged nearly 18% over the week after the company missed on earnings and turned cash flow negative, according to CNBC Markets.

The selloff marks the stock's worst slump since 2022, the outlet reported, as investors weighed the company’s deteriorating cash generation.

In a separate development tied to Elon Musk’s broader business portfolio, CNBC also noted SpaceX shares dropped ahead of a Starship test flight.

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Sources

CNBC MarketsMusk's bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
CNBC WorldMusk's bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight

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