Tesla reports first annual decline in deliveries

Elon Musk's Tesla, which saw its stock surge after Trump's election, reported its first-ever annual decline in deliveries.

Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers:

Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries in 2023. It reported 484,507 deliveries in the fourth quarter of 2023.

Tesla shares fell by as much as 7% in trading on Thursday.

Analysts had expected Tesla to report deliveries in the quarter of 504,770, including 474,000 Model 3 and Model Y EVs, according to a consensus of estimates compiled by StreetAccount. Tesla sent some investors a company-compiled delivery consensus of 506,763 vehicles, based on a survey of 26 analysts. A widely followed independent Tesla researcher, who publishes as Troy Teslike, predicted deliveries of 501,000.

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company’s shareholder communications.

https://www.nbcnews.com/business/autos/tesla-reports-first-annual-decline-deliveries-rcna185997

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