Tesla’s stock plummeted 6% at the start of 2025, following a disappointing fourth-quarter delivery miss and a sluggish overall performance by the electric vehicle maker.
The company announced it delivered 495,930 vehicles globally in the quarter, falling short of analyst estimates of around 510,400. This figure is higher than the previous two quarters but still below last year’s 484,500 deliveries.
For 2024, Tesla delivered 1.78 million vehicles, missing its own estimate of 1.8 million and marking a rare year-over-year decline. The company warned investors in 2023 that it might experience slower growth due to preparations for its next-generation vehicle.
Meanwhile, rival BYD reported global deliveries of approximately 4.3 million passenger cars in 2024, with around 1.76 million being pure electric vehicles. This puts pressure on Tesla as the Chinese company gains ground.
However, some analysts remain optimistic about Tesla’s prospects. Wedbush analyst Dan Ives believes that the company will accelerate delivery growth in 2025 and expects a 20-30% increase in deliveries. He also notes that increasing adoption of Tesla’s full self-driving software and products like Cybercab could take the market cap to $2 trillion.
Ives sees this as a short-term setback for Tesla and expects the company to regain its momentum, driven by its focus on delivery growth and autonomous technology.
Source: https://finance.yahoo.com/news/tesla-stock-slides-after-q4-delivery-miss-first-yearly-sales-decline-210637333.html