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Tesla's annual sales have seen a decline for the first time in over a decade, with fourth-quarter deliveries reaching a record high but still falling short of expectations, initially dropping by 7%.
Tesla announced its year-end sprint results on Thursday, with fourth-quarter Auto deliveries reaching 0.49557 million units, setting a record for a single quarter, but still falling short of market expectations. Meanwhile, the total Auto deliveries for 2024 are projected at 1.79 million units, which not only failed to meet Analyst expectations but also marks the first annual sales decline in a decade. Following the announcement, the stock price initially dropped by 7%.
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Express News | Tesla's stock plunged nearly 7%. Fourth-quarter delivery volumes fell below market expectations, marking the first decline in annual deliveries in over a decade.
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Tesla Shares Are Trading Lower Following Q4 Production and Delivery Data.
Express News | Tesla's stock fell more than 4% in pre-market trading! Fourth quarter delivery volume did not meet expectations.