Tesla Falls Short Of Expectations, Shares Drop

Tesla shares fell Wednesday after the company reported fourth-quarter profits that were under analysts' expectations.
Business Insider says the report came two weeks after the electric-car company announced 3,000 job cuts.
Adjusted fourth-quarter earnings per share came to $1.93. Wall Street expected $2.10.
The company said it would "continue to produce Model 3 vehicles at maximum production rates throughout 2019."
Tesla also said that there remained "room for more improvement."
Since reaching a high of $387.46 last August, Tesla shares have fallen by 21%.



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