Tesla's posts first fall in annual deliveries as demand slows

Reuters01-02

Jan 2 (Reuters) - 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.

The automaker handed over 495,570 vehicles in the three months to Dec. 31, setting a new record and missing estimates of 503,269 units, according to 15 analysts polled by LSEG.

Deliveries for 2024 were 1.79 million, 1.1% lower than a year ago, below estimates of 1.806 million units, according to 19 analysts polled by LSEG.

(Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)

((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti; +91-74116-87774;))

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