Tesla stock tumbles to start 2023 as the EV maker's vehicle deliveries miss forecasts

Jan 3 2023 by Business Insider

 
Tesla CEO Elon Musk.

MARK RALSTON/AFP/Getty Images

Tesla stock fell as much as 7% in its first day of trading in 2023. The EV maker reported 405,000 deliveries in the fourth quarter, less than the expected 430,000.  Meanwhile, South Korea's antitrust regulator said it was fining Tesla $2.2 million for false advertising. 

After a tumultuous 2022 that saw Tesla stock drop 65%, shares fell as much as 7% on the first day of trading in the new year.

The stock loss came after the electric-vehicle...

Continue Reading Tesla stock tumbles to start 2023 as the EV maker's vehicle deliveries miss forecasts