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Home > Finance > Tesla posts first fall in annual deliveries as demand slows

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Tesla posts first fall in annual deliveries as demand slows

Published by Global Banking and Finance Review

Posted on January 2, 2025

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(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.

(This story has been refiled to correct the syntax in the headline)

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

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