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Tesla earnings rebound but will miss 50% growth target
  + stars: | 2022-10-19 | by ( Chris Isidore | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50% growth in the number of cars it sells this year. As recently as July it said it was still aiming for a target of a 50% growth from the 936,000 cars it delivered in 2021. The company had previously reported it delivered 344,000 cars in the third quarter, a record for the company, and up 42% from a year ago. But it would have needed to deliver another 495,000 cars in the fourth quarter in order to hit the 50% growth target. Shares briefly shaved their after-market losses when Musk mentioned the buyback, only to see the stock lose even more ground after the company moved off its 50% sales growth target.
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