Tesla shares tumble more than 12% following deliveries report
WATCH NOW VIDEO 04:45 Hightower’s Stephanie Link on Tesla: It’s a stock to contemplate as it spirals downward Shares of Tesla closed down 12% on Tuesday, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022 that fell shy of analysts’ expectations and the company’s stated goals. Deliveries are the closest approximation of sales disclosed by Tesla. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. The full year numbers represented a record for the Elon Musk -led automaker and growth of 40% in deliveries compared to 2021. RELATED INVESTING NEWS Pro Picks: Watch all of Tuesday’s big stock calls on CNBC Christina Falso 5 HOURS AGO Some analysts see a buying opportunity in Tesla for 2023 despite persistent demand pressures Sarah Min 16 HOURS AGO But according to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla t