Tesla's shares plunge further on weaker than expected sales | CNN Business

Tesla shares plunged more about 13% in early trading Tuesday, as weaker than expected global sales caused the company’s massive slide in its share price that began last year to continue. Tesla reported record 2022 sales of 1.3 million vehicles, up 40% from the 2021 total, but well below the 50% growth target the company set early in the year. While it had already warned it would miss that aggressive full-year target, its fourth quarter sales of 405,278 cars was far weaker than feared.

It was the worst year ever for Tesla\n \n shares, which gained 743% in 2020 and another 50% in 2021. The drop in sales came despite the company’s two price cuts in December for US buyers who completed their purchase by year end. The fact that global sales were well short of the 439,000 cars it built in the period raised new concerns about weakening demand for Tesla cars in the face of numerous headwinds.

is there a possibility of Musk getting forced out of the company? It's obvious he is the cause of decline...

The death sentences for MohammadMehdiKarami & MohammadHosseini are affirmed in the Islamic Republic’s “Supreme Court” from the case for protests on Hadis Najafi’s 40th day in Karaj. These two’s precious lives are extremely in danger.

it outsold its target and still has years worth of backorders... tf...

This is false information CNN. Check your ability to do a clock countdown

Gooooooood !

Horrible

Why is Tesla in spotlight?

Ahahahaha!

CNN’s targeting of “all things Elon” needs to stop.

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