Tesla's stock slides after fourth-quarter and full-year sales fall short of estimates

Dow Jones01-02

MW Tesla's stock slides after fourth-quarter and full-year sales fall short of estimates

By Ciara Linnane and Claudia Assis

EV company's deliveries lag consensus numbers

Tesla Inc. said Thursday it delivered more than 495,000 vehicles in the fourth quarter and 1.704 million for all of 2024, falling slightly short of analyst estimates and lagging the year-earlier total.

Tesla's stock $(TSLA)$ fell 3.9% in premarket trading on the news.

Analysts polled by FactSet expected the electric-vehicle maker to report fourth-quarter deliveries of 498,000 vehicles. For the year, the FactSet consensus was for the sale of 1.793 vehicles.

Tesla sold 1,809 vehicles in all of 2023.

Chief Executive Elon Musk has called for 20% to 30% sales growth this year, but many on Wall Street have deemed that guidance too optimistic.

Tesla shares have gained more than 60% in 2024, rallying later in the year as the company unveiled its robotaxi and with most on Wall Street viewing the new Trump administration as a positive for Tesla's autonomous-vehicle efforts.

-Ciara Linnane -Claudia Assis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 02, 2025 09:19 ET (14:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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