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Tesla Motors Shares Plunge

By Warren Paige

Shares of electric car maker Tesla Motors Inc. (NASDAQ: TSLA) have plunged in trading today after the company’s sales for the third quarter disappointed some analysts. The company’s fourth-quarter profit outlook also disappointed investors. TSLA’s Model S deliveries totaled 5,500 in the third quarter. This was below the estimates of Barclays analyst Brian Johnson and Deutsche Bank analyst Dan Galves. TSLA shares fell to an intra-day low of $146.35 earlier today. At last check, the stock was trading 14.61% lower at $150.97 on above average volume of 23.39 million.

November 6th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.