Tesla stock tumbles to start 2023 as the EV maker's vehicle deliveries miss forecasts
Business InsiderDec 26, 2022
The Facts
On Monday, Elon Musk's Tesla announced it set a new record by delivering 1.3M cars in 2022, 40% more than in 2021 but less than needed to meet the billionaire's 50% annual growth target.
The company reportedly delivered more than 405k vehicles in the final three months of the year, just shy of the 430k predicted by Wall Street analysts.
The Spin
Narrative A
Musk should consider devoting less time to Twitter and more time to helping Tesla meet its current challenges. Although its increase in sales outpaced the rest of the industry, much of the company’s appeal has relied on Tesla’s ability to grow at an even greater rate, like other Big Tech companies. If Musk doesn’t get things under control, Tesla’s stock dip could be just the start of great troubles.
Narrative B
There’s no reason to panic. Tesla is still growing, and there’s still a strong chance it’ll be the most valuable company in the near future. The stock market is volatile, and it’s not an accurate — or sole — indicator of a company’s success, especially relative to the excellent work of Tesla’s employees and the car-maker's record performance during a strenuous year.
