Tesla Shares Plummet 12% on Q4 Deliveries Miss
<p><a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla, Inc. (NASDAQ:TSLA)</a> shares plunged more than 12% on Tuesday after the company announced Q4 deliveries miss. </p>
<p>The company posted total Q4 deliveries of 405,278, compared to the Street estimate of 421,890. Model S/X deliveries were 17,147, compared to the Street estimate of 20,750, while Model 3/Y deliveries were 388,131, compared to the Street estimate of 414,000.</p>
<p>While the company pointed to changes in regional delivery patterns as impacting timing, analysts expect quarter-end discounts and shortening lead times coupled with light deliveries to support bearish views.</p>
<p>Investors will now look to automotive gross margins and operating margins to refresh views on profitability and longer-term price targets. With higher production volumes, there is a potential for better-than-feared margins and cash flow when full results are published later this month.</p>

NASDAQ:TSLA