Tesla Drops Over 5%

On Wednesday, Tesla shares fell as much as 7%.<br />The dip came after Tesla's "Battery Day" event missed expectations.<br />Investors are questioning the company's lofty stock price.<br />CEO Elon Musk unveiled new manufacturing processes on Tuesday set to slash Tesla's battery costs.<br />The new lower battery costs would allow for the production of a $25,000 electric car in the next three years.<br />Business Insider reports the event lacked any news of the million-mile battery "widely expected" by Wall Street and Tesla shareholders.