Tesla stock drops after it reports first annual decline in EV deliveries
AP/Noah Berger
- Tesla stock fell 8% after missing fourth-quarter delivery estimates by about 10,000 vehicles.
- Tesla's 2024 deliveries marked its first annual sales decline amid rising EV competition.
- Analyst Dan Ives expects Tesla to rebound with 20%-30% delivery growth in 2025.
Tesla stock dropped as much as 8% on Thursday after the company reported fourth-quarter vehicle deliveries.
Shares of the company traded as low as $373.40 before paring losses.
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