Tesla Stock Tumbles Over 10% as Musk Warns of Slower Production Growth

Tesla's stock plunged over 10% following an earnings report that fell short of expectations and warned of sluggish sales ahead. The company's revenue and profits missed analyst estimates, and it anticipates slower vehicle delivery growth in 2024. Despite plans for a "next-generation vehicle," concerns persist among investors, with some describing the recent earnings call as a "trainwreck." Elon Musk's push for greater voting control and recent recalls of millions of vehicles have added to the uncertainty surrounding the company.