Tesla shares fell 7% in pre-market trading Thursday, despite a positive analyst reaction to Elon Musk’s investor day presentation.
Tesla shares continued sliding Thursday morning, a movement that began the prior day during Tesla’s Investor Day event, which provided investors with a long-term vision but lacked detail on new products or services.
The electric-vehicle manufacturer’s stock fell around 7% at the open, despite positive analyst reaction to CEO Elon Musk’s presentation and to Tesla’s overall outlook. Musk and his executives reiterated a 2030 production target of 20 million vehicles annually at the event, which consisted of a three-hour presentation followed by a question-and-answer session.
