TECH
Tesla shares tumble more than 12% following
deliveries report
POINTS
- · Shares
of Tesla closed down 12% Tuesday, a day after the electric auto maker reported
fourth-quarter vehicle production and delivery numbers for 2022.
- · The
numbers represented a record for the Elon Musk-led company and growth of 40% in
deliveries year over year, but they fell shy of analysts’ expectations.
- · Some
Wall Street analysts think Tesla’s deliveries miss spells trouble for the
electric vehicle maker, but others see a buying opportunity for the company in
2023.
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