Tesla, Inc. shares have taken a hit following the release of its fourth-quarter production and delivery figures. The company’s numbers have missed investor expectations, leading to a decline in stock price.
Q4 Production and Delivery Figures
- Total vehicles produced: 459,445
- Total vehicles delivered: 495,570
- Model 3 and Model Y vehicles produced: 436,718
- Model 3 and Model Y vehicles delivered: 471,930
- Other models produced: 22,727
- Other models delivered: 23,640
Annual Performance
- Total 2024 deliveries: 1.79 million (down from 1.81 million in 2023)
- Energy storage deployments for 2024: 31.4 GWh
- Record deployments of energy storage products in Q4: 11.0 GWh
Upcoming Earnings Report
Tesla will report its financial results for the fourth quarter after the market closes on January 29. Analysts expect the company to report earnings of 74 cents per share and revenue of $27.385 billion.
Previous Performance
In the third quarter, Tesla reported an 8% year-over-year increase in revenue to $25.18 billion, but missed estimates of $25.37 billion. The company attributed this to growth in vehicle deliveries, energy generation, higher full self-driving revenue, and lower average selling prices for vehicles.
Future Plans
Tesla remains on track to launch more affordable vehicle models in the first half of 2025, despite ongoing macroeconomic conditions. The company expects to achieve slight growth in vehicle deliveries in 2024.
Current Stock Price
Tesla shares are currently trading at $385.20, down 4.62% from the previous close.