Tesla's stock dropped more than 14% on Thursday, July 23, after company CEO Elon Musk addressed investors amid a record number of unsold EVs.

Tesla shares fell nearly 3% after hours after second quarter adjusted earnings and margins missed expectations despite record revenue and deliveries.

Tesla reported weaker-than-expected quarterly profits on Wednesday despite increased auto sales, depressing shares in after-hours trading amid questions over massive capital…

Tesla reported second-quarter profits of US$1.1 billion, down about 5 per cent from the year-ago level.