Analysts expect Tesla to deliver 442,452 vehicles in the fourth quarter, according to Refinitiv data.hurt the value of shares owned by the EV maker’s employees. Tesla has offered stock compensation for most employees, including factory workers.
“Please go all out for the next few days and volunteer to help deliver if at all possible. It will make a real difference!” Elon Musk said in the email.Tesla shares rebounded on Wednesday, following a slump of 11% the previous day after Reuters reported the automaker planned to run a reduced production schedule in January at its Shanghai plant. The news sparked worries of a drop in demand in the world’s biggest car market.
“Btw, don’t be too bothered by stock market craziness. As we demonstrate continued excellent performance, the market will recognize that,” he said.Tesla has offered stock compensation for most employees, including factory workers.Morgan Stanley analysts cut their price target on the stock to $250 from $330, saying the last two years of demand exceeding supply will be “substantially inverted to supply exceeding demand” in 2023.