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Tesla posts first fall in annual deliveries as demand slows

Published by Global Banking & Finance Review

Posted on January 2, 2025

1 min read

· Last updated: January 27, 2026

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Tesla electric vehicles showcasing declining annual deliveries - Global Banking & Finance Review
The image illustrates Tesla electric vehicles, highlighting the company's first decline in annual deliveries as demand slows. This reflects the challenges faced by the automaker in 2024.
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(Reuters) - Tesla reported its first fall in annual deliveries on Thursday, missing CEO Elon Musk's promise of slight growth in 2024, as incentives failed to stem a decline in demand for its aging

Tesla Sees First Annual Delivery Decline as Demand Wanes

(Reuters) - Tesla reported its first fall in annual deliveries on Thursday, missing CEO Elon Musk's promise of slight growth in 2024, as incentives failed to stem a decline in demand for its aging line-up of electric vehicles.

The automaker handed over 495,570 vehicles in the three months to Dec. 31, setting a new record and missing estimates of 503,269 units, according to 15 analysts polled by LSEG.

Deliveries for 2024 were 1.79 million, 1.1% lower than a year ago, below estimates of 1.806 million units, according to 19 analysts polled by LSEG.

(This story has been refiled to correct the syntax in the headline)

(Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)

Key Takeaways

  • Tesla's annual deliveries fell for the first time.
  • The company missed its growth target for 2024.
  • Demand for Tesla's electric vehicles is declining.
  • Tesla delivered 495,570 vehicles in Q4 2024.
  • Analysts' estimates for deliveries were not met.

Frequently Asked Questions

What is the main topic?
The main topic is Tesla's decline in annual vehicle deliveries and the implications for demand and growth targets.
Why did Tesla's deliveries decline?
Tesla's deliveries declined due to slowing demand for its electric vehicles and unmet growth targets.
How many vehicles did Tesla deliver in Q4 2024?
Tesla delivered 495,570 vehicles in the fourth quarter of 2024.

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