Shares of Tesla tumbled Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets.
The electric vehicle and solar panel maker’s stock was down almost 13 per cent in late afternoon trading and it’s down just under 70 per cent since the start of last year. The stock hit its lowest point since August of 2020, and its market value slid to $334 billion, down from over $1 trillion as recently as April.
Tesla said Monday that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow deliveries by 50 per cent nearly every year.The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company’s 50 per cent growth target. Sales grew 40 per cent year over year, while production climbed 47 per cent to 1.37 million.
The shortfall came despite a major year-end sales push that included rare $US7,500 discounts in the US 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.
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Chinese travellers were ‘largest part’ of Australian tourism market pre-COVIDChinese travellers are the “largest part” of the Australian tourism market as the Labor government requires incomers to undergo COVID testing, Tourism and Transport Forum CEO Margy Osmond says. “The Chinese represented the largest part of our tourism market before COVID,” Ms Osmond told Sky News Australia. “We were very much hoping that 2023 was the year we were going to see the Chinese coming back to us. “They’re great visitors, they spend a lot, they love Australia.” And the alternative? Tens of thousands 'pure' covid positive travellers & new strains that may or may not make our covid jabs obsolete. You willing to take the risk to send Australia back to March 2020 so tourism industry can make money. Chinese travellers should be banned. smh I'm sure this is only a temporary measure , And as we have respect on decisions made by the Chinese government I believe this respect will be retuned to our government SenatorWong it caused more death than good , Not every flight is made up of pure Chinese. Secondary in-flight infection is not impossible. What's the plan for other nationals on the same flight, not excluding pilot,captain, and stewardess? Are we only focused on the 'Chinese' part? It's not really a covid issue?
Source: SkyNewsAust - 🏆 7. / 78 Read more »