Tesla's Q4 Deliveries Shortfall Elon Musk's automaker handed over 495,570 EVs last quarter, coming in well under analysts' average estimate of 506,673. In Q4 of 2023, the company delivered 484,507 EVs.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 5.1% in the morning session after the company reported underwhelming vehicle deliveries for Q4 2024. Total deliveries were 495,570 for Q4 2024,

Tesla (TSLA) is expected to miss its delivery goal for the quarter and the full year 2024, according to industry analysts. Tesla hasn’t been releasing quarterly delivery goals for years. Instead, the automaker has been guiding a roughly 50% annual increase in deliveries, with some years less than that and others more.

The wait’s over, but not quite in the way Tesla TSLA investors were hoping. The electric vehicle (EV) giant released its 2024 vehicle delivery report yesterday, and the numbers have been disappointing.

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Tesla reported its first decline in annual deliveries on Thursday, as the automaker handed over fewer-than-expected electric vehicles in the fourth quarter and incentives failed to boost demand for its aging line-up of models.

A surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results.