The disappointing results come after shares of the electric carmaker led by CEO Elon Musk surged nearly 700% over the past 12 months, a valuation rooted in expectations that Tesla would quickly and profitably expand.
NEW YORK: Tesla Inc’s fourth-quarter profit fell short of Wall Street expectations and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 4.4% in extended trade.
The disappointing results come after shares of the electric carmaker led by CEO Elon Musk surged nearly 700% over the past 12 months, a valuation rooted in expectations that Tesla would quickly and profitably expand.
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