• Tesla stock is tanking on delivery whiff and JPMorgan downgrade
    Finance News

    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…

    Comments Off on Tesla stock is tanking on delivery whiff and JPMorgan downgrade