Tesla stock slides after Q4 delivery miss, first yearly sales decline

Published On Jan 2, 2025, 4:06 PM

Tesla's stock dropped over 6% on January 2, 2025, after the company reported a Q4 delivery miss, delivering 495,930 vehicles compared to analysts' expectations of 510,400. This decline in deliveries is part of a troubling trend for Tesla, which saw its total annual deliveries fall to 1.78 million vehicles in 2024 from 1.8 million in 2023, indicating the first yearly decrease in sales for the electric vehicle maker. Analysts attribute this decline to increasing competition and changing market conditions, particularly from rivals like BYD. However, some analysts maintain a positive outlook for Tesla, predicting recovery in 2025 as the company aims for delivery growth alongside new product launches.

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Stock Forecasts

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TSLA

Negative

Given Tesla's recent delivery miss and first annual sales decline, it indicates potential challenges ahead for the company as it faces increasing competition. The market reaction has been negative, particularly on the delivery miss, which may continue to affect investor sentiment in the short term. Despite longer-term growth prospects with new product offerings and anticipated recovery, the immediate outlook remains bearish based on current market reactions.

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