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.

Tesla shares sank Thursday morning after the electric vehicle maker reported fewer deliveries than analysts had expected for the fourth quarter.

The delivery figures are the first real piece of fundamental news for Tesla investors since the November election sparked a big rally for the stock.

The stock of Tesla (NASDAQ: TSLA) had a monster run to end 2024. Tesla released its fourth-quarter and full-year electric vehicle (EV) delivery data today, and investors weren't impressed. It also meant that Tesla delivered slightly fewer vehicles in 2024 versus 2023.

Tesla shares reversed course and edged lower Tuesday, continuing recent declines ahead of its fourth-quarter delivery report.

Tesla stock took a dive in morning trading on Thursday after the company announced lower figures than expected for deliveries and fourth-quarter production.

Tesla's annual deliveries fell for the first time in 2024 despite the electric automaker handing over a record number of units in the fourth quarter, indicating tepid demand for its aging line-up of models.

Tesla reported record fourth-quarter deliveries early Thursday, but the number came in below analyst expectations as the company failed to hit its target of annual vehicle unit growth compared to 2023.