Tesla Tumbles, American Airlines Sinks, Allegion Rises
Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers:- Tesla (TSLA) shares tumbled after disappointing quarterly results raised questions about Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Profit fell short of Wall Street’s estimates for the period as spending on ambitious initiatives surged to $5.8 billion, resulting in Tesla’s first cash burn in two years. The company still expects capital expenditures in excess of $25 billion this year, and executives are now…
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