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tesla-cybertruck-in60-2.jpg Jul 21

Tesla Shares Down On Slimming Margins, Cybertruck Concerns

  • Shares of electric auto maker Tesla fell by more than 7% on Thursday.
  • Tesla CEO Elon Musk and other execs on the earnings call warned production would slow down during Q3 due to shutdowns for factory improvements. 
  • Investors soured on initially positive results due to imprecise commentary from CEO Elon Musk and other executives on the company’s latest vehicle, Cybertruck, and a planned robotaxi-ready car.