Could 1Q18 Production Data Put an End to Tesla Stock’s Downtrend?
In 1Q18, Tesla (TSLA) stock remained under pressure and lost about 14.5% after delivering impressive 45.7% returns in 2017. Tesla also posted its record high of $389.61 in September 2017, but the stock turned negative thereafter primarily due to its weaker-than-expected Model 3 production ramp-up. Now, let’s take a look at how investors reacted to Tesla’s 1Q18 deliveries and production figures.