A day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers, the company's shares plummeted.
The closest approximation of sales is deliveries. The company reported over one million deliveries for the year. The numbers were a record for the company and growth was 40%, but they were not as good as analysts had expected.
Wall Street was expecting the company to deliver 427,000 vehicles in the final quarter of the year. The estimates ranged from 409,000 to 433,000.
The estimates were in line with the company's consensus.
Some Wall Street analysts think that the electric vehicle maker will have trouble in the future, but others think that there is a buying opportunity for the company in the years to come.
Ahead of the company's earnings report, which is scheduled for January 25, Ben Kallo will remain a buyer of the stock.
He said that Q4 deliveries missed consensus but beat estimates. As gigafactories in Berlin and Austin continue to ramp up, production is expected to keep increasing.
The delivery report is considered an "integral negative" by analysts at Goldman, who think that the company is well positioned for long-term growth. Making vehicles more affordable in a challenging macroeconomic environment will be a key driver of growth, according to a Monday note from Goldman.
Key debates from here will be on whether vehicle deliveries can reaccelrate, margins and the brand of the company.
In December, CEO Musk told employees not to be too bothered by stock market craziness, after the company's shares suffered a yearlong sell-off.
Musk blames rising interest rates for the decline in the company's share price. Critics point to his rocky takeover as a bigger reason for the slide.
According to Morgan Stanley analysts, the company's share price weakness is a good time to buy.
They said in a note Tuesday that there are hurdles for all auto companies to overcome in the year ahead. TSLA has the ability to widen its lead in the EV race as it uses its cost and scale advantages to further itself from the competition.
CNBC contributors contributed to the report.
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