Tesla sees 2022 delivery miss

Tesla Inc. CEO Ilon Musk expects the company’s deliveries to be below the vehicle delivery targets this year. At the same time, he downplays concerns about demand after the company's earnings did not meet Wall Street expectations.

Elon Musk told analysts that the company saw excellent demand in the fourth quarter. Some investors raised concerns that the weak global economy and high prices for Tesla vehicles could affect customer demand, but Musk addressed them. Despite this fact, he noted that some logistical problems would persist and vehicle deliveries wouldn't not achieve growth of 50%, even with production hitting that mark.

According to him, the company is not recession proof but it is definitely recession resilient. 

Tesla is growing rapidly despite the global economic turmoil that is seen. Investors are watching closely how a cooling economy could hurt demand.