Tesla shares tumble more than 12% following deliveries report
Publishing timestamp: 2023-01-03 15:25:06
Summary
Tesla reported record deliveries for the year, but fell short of analysts' expectations. Some analysts think this spells trouble for the company, while others see it as a buying opportunity. Tesla's CEO has blamed the declining share price on rising interest rates and his Twitter takeover, while critics point to aggressive discounting as another factor. Analysts at Goldman Sachs, Baird, and Morgan Stanley have all maintained their ratings on the stock, citing potential for growth in the year ahead.
Sentiment: MIXED
Keywords: elon musk, stock markets, technology, business news, autos, markets, transportation, tesla inc,
Source: https://www.cnbc.com/2023/01/03/tesla-stock-down-10percent-following-deliveries-report-.html