Tesla Stock Dips as Annual Deliveries See First Decline Since 2011

Tesla stock is selling off prior to the cash open on Thursday after the company missed on its Q4 and annual delivery and sales number. Annual vehicle sales actually declined in 2024, marking the first drop in over a decade, despite achieving record deliveries in the fourth quarter. The company reported sales of 1.79 million vehicles for the year, falling short of the 1.8 million delivered in 2023 and missing analysts' consensus estimate of 1.8 million. In the final quarter, Tesla delivered 495,570 vehicles, also below analysts' projection of approximately…