Tesla closed its worst year in its stock’s history, shedding about $675 billion in market valuation in 2022—the same year CEO Elon Musk bought Twitter. But reasons for the selloff go well beyond the social-media company. WSJ’s Sean McLain explains. Photo illustration: Amber Bragdon/Getty ImagesTesla Inc. reported record quarterly profit for the final three months of 2022 as Wall Street hungers for clarity on the company’s growth plans in light of apparent demand weakness.
Elon Musk’s electric-car maker said Wednesday that it had a fourth-quarter profit of nearly $3.7 billion, up 59% from a year earlier. The figure, which came even as vehicle-delivery growth slowed, was below the $3.8 billion Wall Street expected.
From today's TSLA earnings call, demand is higher than its ever been. This header conflates 'who ya gonna believe me or your own eyes' with 'always confident but often wrong.'
You mean the company that staged video of their car's auto-drive functionality said that despite the slow down in sales, sales have never been better? I guess it must be true. Why would they lie?
that was before Elon hopped the train to crazy town...
The image for this tweet is from an outdoor mall in the northern suburbs of Atlanta. I was literally in that exact spot last week.
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