Tesla shares tumble after company misses delivery target

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Shares of Tesla have tumbled on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets.

FILE - A Tesla logo is seen at the company's store in Denver's Cherry Creek Mall on Feb. 9, 2019. Owning Tesla stock in 2022 has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks.

on the Models Y and 3, the company’s top-selling models. Analysts said that Tesla also offered discounts in China, leading some to question whether demand for the company's vehicles is softening. Investors will need to see stability in profit margins despite lower prices, and demand and order trends showing resumed growth this year for the stock to get further support, Osborne wrote in a note to investors early Tuesday.

 

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Tesla shares tumble after company misses delivery targetAt the close of Tuesday, the stock was down about 70 percent since the beginning of 2022.
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