Bottlenecks: Tesla’s China chief Tom Zhu speaks at a delivery ceremony for the Model 3 in Shanghai. Multiple factors, including rising interest rates and recession fears, are holding back the automaker’s progress. — Reuters
NEW YORK: Tesla Inc reported record fourth quarter electric vehicle production and deliveries on Monday, but it fell short of Wall Street expectations due to logistics issues, slowing demand, 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.
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