What's Going On With Tesla Stock Today

Tesla Inc TSLA shares are trading lower by 6.40% to $207.83 Thursday morning after the company reported worse-than-expected third-quarter sales results.

So What Happened?

Tesla reported third-quarter revenue of $21.45 billion, up 56% year-over-year. The total came in shy of analyst estimates of $21.96 billion. The company also reported automotive revenue of $18.69 billion in the third quarter, up 55% year-over-year.

In the third quarter, Tesla reported record revenue, free cash flow and operating profits despite what the company called “material headwinds.”...Read More

Tesla also received a number of analyst rating updates Thursday morning: 

• Deutsche Bank analyst Emmanuel Rosner maintained Tesla with a Buy and lowered the price target from $390 to $355
• Wedbush analyst Daniel Ives maintained Tesla with an Outperform and lowered the price target from $360 to $300
• RBC Capital analyst Joseph Spak maintained Tesla with an Outperform and lowered the price target from $340 to $325

See Also: Why Alcoa Shares Are Falling Sharply During Wednesday's After-Hours Session

According to data from Benzinga Pro, Tesla has a 52-week high of $414.50 and a 52-week low of $204.16.