Tesla's Q4 2024 Performance Overview

In a recent announcement, Tesla Inc. revealed its fourth-quarter deliveries for 2024 amounted to 495,570 units, slightly missing the market's forecast of over 500,000 units. The majority of these deliveries, 471,930 units, were attributed to the popular Models 3 and Y. Despite this, Tesla's full-year delivery count reached an impressive 1,789,226 vehicles.

Production Insights

On the production front, Tesla manufactured 459,445 vehicles in the fourth quarter, with Models 3 and Y making up 436,718 of this total. This figure also fell just short of expectations. For the entire year of 2024, Tesla's production tally stood at 1,773,443 vehicles.

Market Response and Upcoming Financials

Following the announcement, Tesla's stock experienced a 3.73% drop in premarket trading. Investors and market watchers are now eagerly awaiting Tesla's earnings release for the last quarter of 2024, scheduled for January 25, after the trading session concludes.