Tesla Share Plummets On Wall Street

Tesla share Plummets on Wall Street after Disappointing Deliveries. The share of automaker Tesla dropped considerably in value on Thursday.

A percentage of Tesla was around 3.55 pm worth 8.2 percent less than the day before.

The car company declared earlier in the day that it had delivered fewer cars in the first quarter of 2019 than expected.

A Tesla share on Thursday cost 267.50 dollars. The stock was still worth 291.80 dollars.

The Elon Musk company announced on Thursday that it delivered considerably fewer cars compared to a quarter earlier.

Within the initial three months of this year, Tesla delivered 63,000 vehicles, while analysts counted on 75,000 deliveries.

The manufacturer of electric cars also informed that sales in the first quarter would be affected by the disappointing deliveries.

According to Tesla, the smaller number of deliveries is due to difficulties with shipping the Model 3 abroad.

Among other things, the company encountered problems when shipping the model to China.

The group also points out that half of the deliveries took place in the last ten days of the quarter.