Tesla reported its first annual decline in vehicle deliveries since 2012, with 1.79 million vehicles delivered in 2024, down 1% from the prior year. Despite a 2% rise in Q4 deliveries driven by promotions like interest-free financing, Tesla failed to meet analysts’ expectations or surpass 2023 figures. Musk has prioritized AI and robotics, with Tesla investing $10 billion in projects like the Optimus humanoid robot and Cybercab. Analysts predict 2025 will pose further challenges for Tesla, with continued pressure from competitors and shifting market dynamics. The company’s stock fell 6% on Thursday following the announcement, though it ended the year up over 60%.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla reported its first annual decline in vehicle deliveries since 2012,
00:06with 1.79 million vehicles delivered in 2024, down 1% from the prior year.
00:12Despite a 2% rise in Q4 deliveries, driven by promotions like interest-free financing,
00:17Tesla failed to meet analysts' expectations or surpass 2023 figures.
00:21Musk has prioritized AI and robotics, with Tesla investing $10 billion in projects like
00:26Optimus Humanoid Robot and CyberCab.
00:29Analysts predict 2025 will pose further challenges for Tesla,
00:33with continued pressure from competitors and shifting market dynamics.
00:36The company's stock fell 6% on Thursday following the announcement,
00:40though it ended the year up over 60%.