Tesla (TSLA) missing its delivery growth target for full-year 2022 remains a concern heading into a “very cloudy” 2023, Wedbush said in a note to clients Tuesday.
Analysts are now expecting delivery growth of 35% to 40% in 2023 as overall demand starts to dwindle for Tesla, according to the investment firm.
Tesla needs to cut prices more especially in China and Chief Executive Elon Musk should now focus on the automaker instead of Twitter, which “remains a distraction and overhang” for Tesla, said Wedbush analysts.