Tesla-shares dropped more than 12% Tuesday afternoon after the auto-manufacturer fails to meet delivery and production expectations in the fourth quarter of 2022.
For 2022, Tesla reached 1.31 million in deliveries, with 405,000 of that being in Q4. Analysts in Wall Street had expectations of 427,000 deliveries from Tesla in Q4.
Several investors and potential investors blame the loss of stock-value on Tesla CEO Elon Musk, after his acquisition of Twitter.
by Margaret Wesley