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Fortune
Fortune
Will Daniel

Tesla’s ‘Cinderella ride’ is over, and demand is ‘starting to crack,’ Wedbush’s Dan Ives says. Here’s what could come next

Elon Musk attends The 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Credit: Theo Wargo—WireImage/Getty Images)

Tesla delivered more cars than ever in 2022, but it still wasn’t enough to meet its own lofty forecasts. 

Elon Musk’s EV giant sent over 1.3 million cars to customers last year—a 40% year-over-year increase from 2021—despite rising interest rates and persistent inflation. But Wedbush’s tech analyst Dan Ives said that the company missed its 50% annual delivery growth target “by a country mile” on Tuesday.  

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