EconomyAN HOUR AGO

Tesla shares slump nearly 15% after earnings flop

People looking at a Tesla car on display at a showroom in Beijing, China, on May 10, 2020. (File photo: AFP)

NEW YORK: Shares of Tesla sank nearly 15% Thursday after results from Elon Musk's electric vehicle company missed analyst expectations amid questions over huge capital spending plans.

Tesla was joined in the Wall Street doghouse by Google parent Alphabet, which dropped nearly 7% as the tech giant also faced scrutiny over the payoff from huge artificial intelligence investments.

In:US stocks Tesla