Tesla Delivers Record 405,278 Cars in Quarter But Misses Target

Tesla Delivers Record 405,278 Cars in Quarter But Misses Target

Carmaker handed over 405,278 cars; analysts expected 420,760
Production exceeded deliveries by 34,423 vehicles last quarter

• Tesla proceeded to cut vehicle prices and production in China, then offered $7,500 discounts in the US
• We believe that Tesla is facing a significant demand problem,” Toni Sacconaghi
• The company produced 439,701 vehicles in the fourth quarter, exceeding deliveries by 34,423 units.

Full text – https://www.bloomberg.com/news/articles/2023-01-02/tesla-notches-record-delivering-405-278-cars-in-fourth-quarter?srnd=markets-vp