Aly Song/Reuters
- Tesla stock fell 8% Thursday after its earnings disappointed Wall Street.
- The EV maker met analysts' first-quarter revenue targets but reported slimmer profit margins.
- Elon Musk has slashed the prices of Tesla's flagship vehicles in a bid to gain market share.
Tesla stock slid Thursday after the electric-vehicle maker revealed its aggressive price cuts eroded its profit margins last quarter.
Shares fell 8% to trade at just under $167 at the opening bell, after Tesla's first-quarter earnings fell short of Wall Street's expectations.