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Tesla stock is tanking on delivery whiff and JPMorgan downgrade
Tesla inventory is finding suitable up wherever it remaining off in 2022: Lacking juice. Shares of the EV maker fell extra than 12{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} on Tuesday, the biggest a person-day fall in extra than two decades. The inventory at a single position hit its most affordable degree since August 2020, with buyers reacting to a lackluster fourth-quarter delivery figure introduced on New Year’s Day. Tesla was the leading-trending ticker on the Yahoo Finance platform. Tesla saw fourth-quarter deliveries rise 18{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} sequentially to 405,000, lacking consensus forecasts of 418,000. The figure brought Tesla’s 2022 whole deliveries to 1.3 million units, up 40{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} yr over year but down below the firm’s advice for…