Tesla Tumbles as Growth Slows

You have been granted access, use your keyboard to continue reading. Shares in Elon Musk’s electric vehicle maker fell sharply after the company delivered lackluster quarterly results and declined to give full-year guidance. Elon Musk and Tesla shareholders are at a crossroads. Hit by a bruising price war, intensifying competition in North America, Europe and China, and Musk’s demands for billions in new Tesla shares, the electric vehicle’s stock has plunged this year, lopping roughly $130 billion off its market capitalization. Shares are down roughly 8 percent on Thursday in...