Tesla just reported its fourth-quarter delivery and production numbers for 2022 and it does not look good for the automaker. The numbers show there was a major disparity between total deliveries and production. Following this report, Tesla’s share price dropped 12%.
Even before this report came out, Tesla was struggling in the share market with a major drop in share price. Last year Elon Musk asked employees to not be “too bothered by stock market craziness.”
The total deliveries and production numbers for 2022 also show a massive gap. Analysts expected more deliveries from Tesla in 2022. However, Elon Musk partially blames the rising interest rate for this share price drop.
Some market analysts say that this is a window of opportunity to buy Tesla shares.