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Tesla“s quarterly deliveries miss estimates


A view shows the Tesla logo on the hood of a car in Oslo, Norway November 10, 2022. REUTERS/Victoria Klesty

Tesla Inc (TSLA.O) on Monday fell short of Wall Street estimates for fourth-quarter electric vehicle deliveries, slammed by lingering logistics problems and slowing demand amid rising interest rates and recession fears.

The world’s most valuable automaker delivered 405,278 vehicles in the last three months of the year, compared with Wall Street expectations of 431,117 vehicles, according to Refinitiv data.

The company had delivered 308,600 vehicles in the same period a year earlier.

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