Tesla Inc., the leading electric vehicle (EV) maker in the United States, reported a rare annual decline in vehicle deliveries in 2024.
On Jan. 2, the Texas-based technology company issued a quarterly report on its production and deliveries covering the final three months of 2024. That report said the company delivered 495,570 vehicles during the quarter, bringing annual deliveries to about 1.789 million units. However, that was a drop from the about 1.81 million units it delivered in 2023.
The annual decline was the first observed in the past nine years. In an investor note, a team of analysts at Truist Securities led by William Stein, a semiconductor and artificial intelligence equity research analyst at Truist Securities, said the delivery total was slightly below Wall Street’s expectations….