Tesla Stock
Tesla’s stock (TSLA stock) witnessed a decline after the company reported its first-ever drop in annual deliveries. The fourth-quarter and year-end vehicle production and delivery report revealed a slight setback, raising concerns for investors.
In 2024, Tesla’s deliveries totaled 1.789 million vehicles, a 1% decrease from the 1.809 million delivered in 2023. This marks a significant moment in Tesla’s journey, as the company has been a leader in the electric vehicle market for years.
Challenges Facing Tesla Deliveries
The first quarter of 2024 was challenging, with Tesla CEO Elon Musk warning investors about slower growth. Despite these challenges, the company’s end-of-year results showed improvement. However, Tesla now faces tough competition in the EV market, particularly from Hyundai and BYD, a major player from China.
Tesla Stock Performance Over the Years
Tesla stock (TSLA stock) has seen substantial growth over the years. In 2024, it reached an all-time high of $479.86. Over the past year, the stock price has fluctuated between $138.80 and $488.54.
Current TSLA Stock Price
As of January 2, 2025, Tesla’s stock price is $380.56, with an intraday low of $373.55 and a high of $412.32. Investors are keeping a close eye on Tesla’s strategies as it battles increasing competition in the EV market.