DETROIT—Shares of Tesla tumbled more than 12 percent Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets.
The electric vehicle and solar panel maker’s stock closed at $108.10, and it’s down just under 70 percent since the start of last year. The stock hit its lowest point since August of 2020, and Tesla’s market value, according to FactSet, slid to $341 billion, down from over $1 trillion as recently as April.
Tesla said Monday that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow deliveries by 50b nearly every year….