Tesla Stock Tumbles as 2024 Marks First-Ever Annual Delivery Decline
Tesla faced its first annual decline in deliveries in 2024 despite a record-breaking fourth quarter. The electric vehicle giant saw its stock slide by 6.2% following the announcement. Supply chain issues and reduced demand in China were key contributors. Analysts have mixed projections for Tesla's 2025 performance, predicting growth driven by new models. The competition heats up as automakers ramp up their EV offerings.
Jan 3