Why Tesla Stock Dropped to Start the New Year

The stock of Tesla (NASDAQ: TSLA) had a monster run to end 2024. It's starting 2025 on a down note, though, and not just due to profit-taking. Tesla released its fourth-quarter and full-year electric vehicle (EV) delivery data today, and investors weren't impressed.For the first time ever, the company realized a year-over-year decrease in the volume of EVs it shipped to customers. Shares declined by as much as 7.5% Thursday morning as a result. As of 11:15 a.m. ET today, the stock was still trading lower by 5.8%. That helped pause the late 2024 rally that led to a return of more than 62% last year.Management reported 495,570 EV deliveries in the fourth quarter. Although that was a quarterly record, it missed expectations for about 505,000 shipments. It also meant that Tesla delivered slightly fewer vehicles in 2024 versus 2023. Full-year deliveries were about 1.79 million, compared to 1.81 million in the prior year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool