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Tesla stock falls after reporting its first profit miss in more than a year – MarketWatch

Tesla expects a 50% annual growth for its deliveries in future years, and says it likely will ‘grow faster’ in 2021.

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Tesla Inc. late Wednesday reported its sixth-straight quarter of profit and a sales beat, but missed Wall Street expectations and disappointed investors who hoped for a clear-cut sales goal for the year. Margins were another sore point for investors, and Tesla stock fell as much as 7% in after-hours trading.Tesla
TSLA,
-2.14%
said it earned $270 million, or 24 cents a share, in the fourth quarter, compared with earnings of $105 million, or 11 cents a share, in the year-ago quarter. Adjusted for…

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