Tesla Share Price Down 12.6 Percent On First Trading Day Of 2023

Tesla shares dropped sharply on January 3, the year's first day of trading, continuing a downward trend that saw the stock plunge 70 percent last year.

The shares lost 12.6 percent of their value closing at $108.06, the lowest point since August 2020; the company's market value slid to $338 billion, down from over $1 trillion as recently as April. The share price decline comes a day after. While the 2022 numbers represented records for the EV maker – growth of 47 percent in production to 1.37 million vehicles and 40 percent in deliveries to 1.31 million – they fell short of analysts' expectations.reports that Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of 2022, whereas the carmaker reported 405,278 deliveries. Some analysts believe

's deliveries miss spell trouble for the company, while others see a buying opportunity for the company in 2023.The failure to meet delivery targets in Q4 came despite a major year-end sales push that included, the company's best-selling models. Tesla also offered discounts in China, leading some to question whether demand for its vehicles is waning. Deliveries for the full year also fell shy of Elon Musk's pledge to grow deliveries by 50 percent every year.

Source: Digital Coin News (digitalcoinnews.net)

😡

excellent

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla stock price today: Elon Musk's EV maker down 7% on delivery missTesla stock tumbles to start 2023 as the EV maker's vehicle deliveries miss forecasts
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla stock wipes out three day bounce, hits lowest price in more than 2 yearsTesla stock falls to fresh lows after disappointing deliveries data, to knock the EV maker down to 15th on list of most valuable S&P 500 index companies. Couldn’t have happened to a nicer company. There's a sucker born every minute, you just happened to be coming along now. Happy New Year! Remember your resolution not to buy a Tesla!
Source: MarketWatch - 🏆 3. / 97 Read more »

Copper price down as China’s manufacturing activity contractsChina's manufacturing sector activity contracted at a sharper pace in December as surging infections disrupted production.
Source: mining - 🏆 449. / 53 Read more »

Tesla's shares plunge further on weaker than expected sales | CNN BusinessTesla 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. CNN’s targeting of “all things Elon” needs to stop. Ahahahaha!
Source: CNN - 🏆 4. / 95 Read more »

Tesla's shares plunge further to start 2023 on weaker than expected salesTesla shares plunged 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’s been dead
Source: KPIXtv - 🏆 443. / 53 Read more »

Martha Stewart’s Decadent & 2-Step Dessert Is Perfect to Share With the Whole FamilyDiving into MarthaStewart's two-step chocolate dessert recipe is the perfect way to get this new year started!
Source: SheKnows - 🏆 558. / 51 Read more »