Tesla falls short on deliveries, disappointing Wall Street again after shedding nearly $700 billion in market value last year

Jan 3 2023 by Business Insider

 
Tesla's share price dropped 4% ahead of Tuesday's opening bell after it missed Wall Street's delivery targets.

James Leynse/Corbis via Getty Images

Tesla fell 4% ahead of Tuesday's opening bell after it missed Wall Street's delivery estimates. It logged just over 405,000 deliveries in the fourth quarter, falling short of analysts' 430,000 forecast. The EV manufacturer's share price plummeted 69% last year, erasing just under $700 billion in market capitalization.

Tesla reported its production...

Continue Reading Tesla falls short on deliveries, disappointing Wall Street again after shedding nearly $700 billion in market value last year