TESLA INC. (NASDAQ:TSLA): Tesla stock tanked as Q3 earnings were a "mini disaster", per Dan Ives

Tesla stock took a 12.6% dive after the company's Q3 earnings release on Wednesday. The company warned that its main goal at the moment is to make their cars affordable. That could mean many things, including aggressive production cost cutting and/or continue its price cutting strategy. 

Elon Musk said that Tesla "dug its own grave" with the Cybertruck, as he warned that it would take years for the company to ramp up production of the electric pickup. The company will begin delivering the trucks at the end of November 2023. At that time, investors may be able to find out more what will happen with the 1.8 million pre-orders. The stock could bounce off from here if Tesla bulls step in, or fall further to retest the key $207.25 support level.

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