Tesla Stock Tumbles 8% With Analysts Shocked By 'Train Wreck' of an Earnings Call

Tesla's stock faces difficulties after reporting disappointing fourth-quarter earnings with lower-than-expected EPS and unclear, potentially weaker vehicle sales growth for 2024. Wedbush analyst Dan Ives expressed disappointment in Tesla's earnings call, criticizing the company for not providing a detailed financial strategy and instead delivering a vague long-term outlook. He termed the event a "train wreck." The aftermath of the call saw Tesla's stock plummet nearly 8% in premarket trading.