Tesla Shares Drop After First Annual Delivery Decline in Over a Decade

Wall Street starts 2025 lower as Tesla’s delivery miss and broader market concerns weigh on indexes.

Tesla reported 1.79 million vehicle deliveries in 2024, falling short of analyst expectations and marking its first annual decline since 2011.
The company’s stock fell nearly 6% on Thursday, contributing to a broader market decline with the S&P 500, Dow, and Nasdaq all closing lower.
Tesla’s challenges include an aging product lineup, competition from Chinese automakers, and reduced European subsidies, according to analysts.
The US Dollar Index hit its highest level since November 2022, presenting potential headwinds for companies with significant international exposure.
In other news, a Tesla Cybertruck explosion outside a Las Vegas hotel is under investigation, with authorities exploring potential links to a separate incident in New Orleans.