Finance
Tesla posts first fall in annual deliveries as demand slows
Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026
Tesla's annual deliveries dropped for the first time, missing growth targets as demand for its electric vehicles wanes. The company delivered 495,570 vehicles in Q4 2024, below estimates.
(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)
The main topic is Tesla's decline in annual vehicle deliveries and the implications for demand and growth targets.
Tesla's deliveries declined due to slowing demand for its electric vehicles and unmet growth targets.
Tesla delivered 495,570 vehicles in the fourth quarter of 2024.
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