Stock Forecast Based On a Predictive Algorithm. Contact Us: [email protected]

Tesla Motors Inc. (NASDAQ:TSLA) reported their second quarter earnings on Wednesday, and it appears that investors are going to have to be patient for longer than expected. Some projected that the stock would be climbing up closer to $300 as the company was addressing some of its issues, like its sales in China. However, the company’s losses tripled and it cut guidance for its deliveries this year. The stock price dropped over 7% in after-hours trading as a result, with the company’s short-term outlook growing worse. With the stock price climbing almost 21.5% so far this year, the stock was poised for a pullback due to concerns over its cash flow and whether the company can live up to its future projections. Long-term investors who are in it for the long haul with Tesla should be excited to add to their positions, as the stock could fall further before things turn around.