Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries in 2023.
When it comes to Tesla's (TSLA) sell-off from its delivery miss, Adam Coons says he's "surprised it's not down more." He believes the company's massive 2024 rally is tied to expectations of deregulation and full self-driving under President-elect Donald Trump.
-America on high alert following 2 attacks -Where are investors getting the best bang for their buck -Tesla misses 4th quarter deliveries Manus Cranny reports. Tune into "Bloomberg Brief" at 5 a.m.
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 revealed Thursday that it sold 1,789,226 cars in 2024. It's the automaker's first year-over-year decline ever.
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 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.
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