Reuters: Tesla delivered fewer vehicles in late 2022 than forecast
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The American company Tesla reported record revenue in the fourth quarter of 2022. However, as noted Reutersestimates do not take into account the forecasts of Wall Street, burdened with logistics problems, slowing demand, rising interest rates and fears of a recession.
Tesla delivered 405,000 vehicles in the last three months of 2022, compared to Wall Street’s expectations of 431,000 vehicles, according to Refinitiv data. Analysts cite low demand in China, the world’s largest automotive market, as well as strong competition from Ford Motor Co (FN), General Motors Co (GM.N) and startups such as Rivian Automotive ( RIVN.O). The supply of electric vehicles was also affected by the lack of microchips and lockdowns in China.
Tesla shares fell 65% in 2022. This was the worst year since going public in 2010. Over the year, Tesla’s capitalization has halved – at the beginning of the year it was estimated at $1.2 trillion. For the last week of the year, the company’s shares cheaper for $85 billion.
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