Tesla tumbles as Wall St raises doubt over growth outlook

FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo

TESLA tumbled 5% on Thursday as Wall Street analysts questioned its ability to maintain the runaway growth that has for years set the electric-vehicle maker apart from other automakers.

CEO Elon Musk, who had called Tesla "recession-resilient" last year, said on Wednesday he was worried about the impact of high interest rates on demand after the company missed revenue estimates by the most in three years despite hefty price cuts.