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Tesla Q4 Deliveries at 495,570 Fall Short of 512,277 Estimate, Stock Drops 4.7%

Jan 2, 2025, 02:03 PM

Tesla Inc. reported its fourth-quarter deliveries at 495,570 vehicles, falling short of the estimated 512,277. The company's production for the quarter was approximately 459,445 vehicles. For the full year of 2024, Tesla delivered a total of 1,789,226 vehicles, a slight decrease of 1% from the previous year. Additionally, Tesla achieved a record in energy storage deployments with 11 GWh in the fourth quarter and 31.4 GWh for the entire year, marking a 243% year-over-year increase in the last quarter. The breakdown of Q4 deliveries included 471,930 Model 3 and Model Y vehicles, and 23,640 for other models including the Cybertruck. Tesla's stock experienced a pre-market drop of 4.7% following the announcement.