Reported 2 days ago
Tesla's stock fell over 6% at the start of 2025 after the company reported a fourth-quarter delivery of 495,930 vehicles, missing analyst estimates, and marking its first annual sales decline since its inception, delivering 1.78 million vehicles in 2024 compared to 1.8 million in 2023. Analysts attribute this downturn to increased competition, demand issues, and challenging economic conditions. Despite the drop, some analysts remain optimistic about Tesla's potential for growth in 2025, citing plans for a lower-priced EV and advancements in their self-driving technology.
Source: YAHOO