What Tesla's Delivery Numbers Tell Wall Street About Its EV Competitors
The final 2023 vehicle delivery numbers are in for electric vehicle standout (NASDAQ: TSLA). Fourth-quarter deliveries were 484,000 units, totaling 1.8 million for 2023. That's a 38% increase over 2022 deliveries and an 11% bump over Tesla's third-quarter number.
Meanwhile, other EV companies are showing signs that demand has slowed. Tesla's success in the face of its competitors' struggles highlights major obstacles consumers face in adopting EVs and how Tesla could be better positioned to alleviate those concerns.
Here is what the newest delivery results say about Tesla's place in the EV industry and the stock's long-term outlook.
Source Fool.com
Tesla Inc Stock
€190.74
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