Tesla shares tumble more than 10% following deliveries report

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Tesla shares tumble more than 10% following deliveries report
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Some Wall Street analysts think Tesla's delivery numbers spell trouble for the electric vehicle maker. Others see a buying opportunity for the company in 2023.

in deliveries year over year, but they fell shy of analysts' expectations.According to a consensus of analysts' estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Estimates updated in December, and included in the FactSet consensus, ranged from 409,000 to 433,000.

Some Wall Street analysts think Tesla's deliveries miss spells trouble for the electric vehicle maker, but others see aNew Model Y electric vehicles are picked up by a truck from the Tesla Gigafactory Berlin-Brandenburg plant by US electric carmaker Tesla. Tesla says it currently employs more than 7000 people at its Grünheide plant.

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