Reduced European subsidies, a US shift to lower-priced hybrids and Chinese competition have squeezed EV maker
Welcome to the Green Stock News brief for Thursday, January 2nd. Here are today's top headlines: Tesla (NASDAQ: TSLA) has reported fourth quarter 2024 production and delivery numbers, which included production of approximately 459,000 vehicles and deliveries of more than 495,000 vehicles.
CNBC's Phil LeBeau reports on the latest news regarding Tesla.
Tesla (TSLA) announced 4Q deliveries were just over 495k, shy of Wall Street estimates. The EV maker delivered 1.79m total vehicles in 2024, which falls short of the 2023 total near 1.81m.
Tesla reported record quarterly deliveries data early Thursday. The post Tesla Reports Record Q4 Deliveries But Falls Short Of 2024 Goal appeared first on Investor's Business Daily.
Tesla Inc (NASDAQ:TSLA) shares are set to fall over 3% when the first trading of 2025 begins on Thursday after its quarterly delivery numbers were short of Wall Street forecasts. Elon Musk's electric vehicle manufacturer said it delivered 495,570 units in the fourth quarter of last year, which was a record high, but missed analyst expectations of 506,800 deliveries.
Tesla Inc. said Thursday it delivered more than 495,000 vehicles in the fourth quarter and 1.704 million for all of 2024, falling slightly short of analyst estimates and lagging the year-earlier total.
Tesla revealed Thursday that it sold 1,789,226 cars in 2024. It's the automaker's first year-over-year decline ever.
Tesla's fourth-quarter and year-end vehicle production and deliveries report follows a huge late-year rally in the company's stock price. The first quarter of the year was challenging, and CEO Elon Musk cautioned investors of slower growth this year, but results improved later in the year.
Tesla delivered fewer cars last year than it did in 2023, marking its first year-to-year drop and signaling that the company is struggling to reach new buyers. That means Tesla's Cybertruck, which is the company's first true new model since 2020, did little to boost the company's growth in its first full year of sales.
Tesla reported its first fall in annual deliveries on Thursday, missing CEO Elon Musk's promise of slight growth in 2024, as incentives failed to stem a decline in demand for its aging line-up of electric vehicles.
Tesla did not meet expectations in its first major data point of the new year Thursday, as Elon Musk's trillion-dollar automaker turns the page on a rollercoaster 2024 marked by stalling growth in its core electric vehicle business and a sharp stock market rally following the victory of President-elect Donald Trump, a close associate of Musk, the world's richest man.