Record Q4 Deliveries Can’t Save Tesla from Stock Price Decline

  • Tesla delivered 405,278 vehicles in the fourth quarter, but analysts had predicted 420,760.
  • Tesla’s stock price fell by more than 14%, the biggest drop since September 2020.

Tesla’s stock price went down 14% on Tuesday after the company released its report on the number of vehicles produced and delivered in the fourth quarter of 2022. The report showed that Tesla had a total of 405,278 deliveries for the quarter and 1.31 million deliveries for the year, which is a record for the company and a 40% increase from the previous year. However, these numbers did not meet analysts’ predictions. Deliveries are considered to be the closest measure of sales for Tesla.

What’s more, Tesla has troubles with some customers in a dilemma over whether or not to take due to missing parking sensors.

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