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Tesla Orders Outpace Production As It Builds Plants, but Musk Warns of General Auto Market Contraction

Company Expects To Produce 1.8 Million Electric Vehicles This Year As
Tesla Inc. CEO Elon Musk said the Tesla brand is still doing well despite “forced shutdowns, very high interest rates and many delivery challenges.” (Tesla)
Tesla Inc. CEO Elon Musk said the Tesla brand is still doing well despite “forced shutdowns, very high interest rates and many delivery challenges.” (Tesla)
CoStar News
January 26, 2023 | 9:03 P.M.

The world’s largest electric vehicle maker posted a record profit for the fourth quarter in a development that bodes well for demand in its industrial real estate projects, but Tesla CEO Elon Musk warned investors of a possible recession and contraction in the automotive market as a whole this year.

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