Tesla shares fall after company misses 2016 delivery goals
While closing yesterday’s trading day with gains, electric car maker Tesla’s share price fell in after hours trading. The company issued a press release after the market closed, saying that it missed its goal of delivering 80,000 new cars in 2016 by nearly 4,000, and as a result, the company’s stock dropped some 4% after-hours.
However, the company has said that it only counts cars as delivered when they reach the customer, and that there are several thousand cars that will be delivered over the course of the next few months. According to Tesla, a more accurate number will be released with its 2017 Q1 report.