Tesla stock roiled by ‘ugly’ delivery numbers

Tesla Inc. shares fell more than 8% on Thursday as Wall Street analysts used some choice words to describe their dismay at the car maker selling fewer-than-expected vehicles in the first quarter.

“Ugly,” ”weak” and “disappointing” featured in initial notes, as the miss fueled renewed doubts about Tesla’s future profitability, growth and cash position.

At their lowest level Thursday, Tesla TSLA, -8.23% shares were off nearly 11%, the worst percentage decline since Jan. 18. They closed down 8.2% at $267.78. The shares are a distant 30% from their record high close of $385 in September 2017.

See also: Tesla delivers fewer vehicles than expected in first quarter

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