- Tesla stock sold off on the first trading day of 2025.
- Annual vehicle sales actually declined in 2024, marking the first drop in over a decade.
- Looking ahead, Elon Musk stated in an October earnings call that Tesla plans to introduce lower-cost and autonomous vehicles by 2025.
Tesla stock is selling off prior to the cash open on Thursday after the company missed on its Q4 and annual delivery and sales number. Annual vehicle sales actually declined in 2024, marking the first drop in over a decade, despite achieving record deliveries in the fourth quarter.
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The company reported sales of 1.79 million vehicles for the year, falling short of the 1.8 million delivered in 2023 and missing analysts’ consensus estimate of 1.8 million.
