Tesla stock to fall 7% in first quarter, as $8.3B order hits shelves

Tesla stock will fall 7.3% in the first quarter of 2018, according to a report from Bloomberg.

Tesla has had a lot of success in the electric vehicle space.

But the stock is now facing a new issue.

The company is facing a backlog of orders for its Model 3 sedan and the Model X SUV that will be delivered in 2018.

The backlog will add to the costs that Tesla is already running up.

The backlog of Model 3 orders is expected to rise from 6,500 units in March to about 16,000 units in 2018, Bloomberg said.

Tesla’s stock has gained nearly $5,000 since the end of January, which is the highest level for the company since early 2016.

Tesla is currently trading at a market cap of about $1.5 trillion, which would put it in the top three of the world’s largest companies.