Tesla stock slides after first-ever delivery drop

For the first time ever, Tesla have report Deliveries fell, causing share prices to fall.

The electric vehicle company shared its fourth-quarter production and delivery report on Thursday, giving us a comprehensive look at overall deliveries over the past year. Tesla delivered 1.79 million vehicles in 2024, compared with 1.81 million vehicles in 2023. price.

according to CNBCAnalysts expect Tesla’s fourth-quarter deliveries to increase to more than 500,000 vehicles. However, the company fell short of industry expectations, delivering only 495,570 vehicles. The reasons are unclear, but after several years of becoming a major electric car maker, other companies have begun to catch up, so Tesla faces more competition. There’s Rivian, but General Motors, Ford, BMW and Volkswagen have also begun mass-producing electric vehicles.

In addition, Tesla also No more economical electric car has yet been built Instead, it has focused on selling its expensive Cybertruck Troubled There will be six recalls by 2024. demand issues, electric trucks are Piling up in second-hand car lots, According to InsideEVs.

In the second half of 2024, Tesla CEO Elon Musk very publicly turned his attention to Helped get Donald Trump elected. Musk donated $277 million to Trump’s campaign and spent weeks campaigning. While Musk’s disruption to Tesla could affect the company’s stock health, analyst Sam Fiorani told CNBC that won’t be reflected until first-quarter earnings.