Tesla shares tumble after company misses delivery target

FILE - The Tesla logo is seen at the company's store in Denver's Cherry Creek Mall on Feb. 9, 2019. Shares of Tesla tumbled Tuesday, Jan. 3, 2023, on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets. – Shares of Tesla tumbled more than 12% Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets.

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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Tesla delivered over 405,000 vehicles in Q4 2022, setting a new company record | EngadgetTesla delivered a record 405,278 electric vehicles over the final three months of 2022, but missed Wall Street expectations.. Bad news, they should have sold more! How many had to be discounted or offered with perks from already made a lot to hit that number? And missed forward guidance by 20%
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