A highly anticipated announcement from Tesla has turned into a headache for its stock. Jim Cramer, a former General Motors executive and a Tesla analyst react to the moves.
A highly anticipated announcement from Tesla has turned into a headache for its stock, with shares falling 8 percent in Friday's trading session.
div > div.group > p:first-child"> In the announcement on Thursday, Tesla CEO Elon Musk said his company would lower the price of its Model 3, close most of its brick-and-mortar stores and would not turn a profit in the first quarter, leaving Wall Street largely unenthusiastic about the automaker's near-term prospects.
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