Investors knew electric vehicle (EV) sales have been slumping for Tesla ( TSLA -8.44%). The EV leader announced a 13.5% year-over-year drop in second-quarter deliveries on July 2. Yet the stock is tanking today after Tesla reported its full second-quarter financial update today.

GOBankingRates.com How High (or Low) Elon Musk’s Tesla Stock Could Go by Year’s End Other analysts, such as those from 24/7 Wall St., predict a 12-month price target for Tesla to be bullish at $352.99, which represents potential upside of 6% from the current share price.

Tesla (TSLA) reported its second-quarter earnings yesterday, July 23, providing a sobering dose of reality. Elon Musk, the visionary CEO known for his bold promises and ambitions, issued a rare cautionary statement.