On the first day of trading in the new year, shares of the electric car maker fell as much as seven percent.
The electric-vehicle maker said it delivered fewer cars than expected. The company said it made 1.31 million deliveries.
The company had 405,000 deliveries in the fourth quarter.
While those deliveries figures weighed on Musk's car company, as well as production snags in Shanghai due to COVID-19, Musk has attributed the slide to macroeconomic factors.
Other growth stocks have taken a hit from the rising interest rates. The S&P 500 lost 20% of its value over the course of a year. Critics and investors don't like Musk's antics on social media.
"The nightmare continues as Musk usesTesla as his own ATM machine to keep funding the red ink atTwitter which gets worse by the day as more advertisers flee the platform with controversy increasing driven by Musk," according to a recent note. Do you know when it ends?
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