Shares of Tesla (TSLA) were rocked for 7% losses on relatively heavy volume as the company announced its latest delivery figures. The report disappointed investors on two fronts.
First, Tesla’s deliveries for the fourth quarter of 2024 came in at 495,570 vehicles. That number was lower than analysts expectations of 504,770 vehicles.
Annually, Telsa delivered 1,789,226 vehicles, a number that also came in lower than what analysts were looking for, but there’s a larger problem for investors.
This post originally appeared at Money Morning.