Some analysts see a buying opportunity in Tesla in 2023 — though others think the car maker's recent deliveries miss spells trouble for the EV maker.
Some Wall Street analysts see a buying opportunity in Tesla in 2023 — though others think the car maker's recent deliveries miss spells trouble for the electric vehicle maker. Tesla reported deliveries of 405,278 vehicles in the final quarter of 2022 , less than the 427,000 deliveries expected by analysts, according to consensus estimates compiled on FactSet, as of Dec. 31. Still, that was an increase of 40% year over year — a record for Tesla.
To be sure, not all analysts on Wall Street were as bullish on the stock. Shares of Tesla increasingly came under pressure last year from weakening demand of the firm's vehicles, which are more expensive than similar offerings from competitors. Meanwhile, a rise of Covid cases in China caused Tesla to temporarily suspend and lower production at its Shanghai facility. The stock was down about 65% in 2022.
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