Tesla stock slides on Q4 delivery miss, first yearly sales decline
Published On Jan 2, 2025, 10:26 AM
Tesla's stock has taken a significant hit following a disappointing fourth-quarter delivery performance, where it delivered 471,930 vehicles—falling short of the expected 510,000. This disappointment marks the first annual sales decline for the company, with total deliveries for 2024 at 1.78 million, slightly below the previous year. The main causes behind the decline appear to be increased competition and economic factors affecting demand. While the immediate reaction has been negative, some analysts believe Tesla will rebound in 2025 with growth in deliveries and expanded product offerings.
Stock Forecasts
TSLA
Negative
Despite short-term declines, Tesla remains a leader in the EV industry with plans for growth through new vehicle launches and advanced technologies like full self-driving. However, the recent delivery numbers and competition from companies like BYD present short-term challenges.
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