Tesla Stock Plunges 16% After Earnings Miss and Musk's Ominous Warnings

Tesla stock plunged 16% last week, its worst of 2023, after missing earnings targets and Elon Musk's warning.

Tesla missed Q3 earnings and revenue estimates, posting adjusted EPS of $0.66 vs $0.74 expected.

On the call, Musk said Cybertruck production faces challenges and warned of economic headwinds hurting demand.

Musk's performance was called a "mini-disaster" and he acted like a "little baby" by analysts.

Microsoft, Alphabet, Meta, and Amazon report earnings this week after Tesla's nightmare week.