Frederic J. Brown/AFP via Getty Images
- Tesla's stock price slumped 8% shortly after the opening bell Thursday.
- The carmaker's posted weaker-than-expected third-quarter earnings and revenue numbers.
- CEO Elon Musk's warnings about higher interest rates and delayed production of the Cybertruck sparked the sell-off.
Tesla's stock price fell Thursday as CEO Elon Musk's warnings about higher interest rates and delayed production of the Cybertruck sparked a sell-off.
Shares had dropped just under 8% by 10 a.m. Eastern Time – putting the carmaker on course for a $65 billion market capitalization wipeout at the closing bell, by Insider's calculations.