Tesla Inc (NASDAQ:TSLA) shares are set to fall over 3% when the first trading of 2025 begins on Thursday after its quarterly delivery numbers were short of Wall Street forecasts.
Elon Musk's electric vehicle manufacturer said it delivered 495,570 units in the fourth quarter of last year, which was a record high, but missed analyst expectations of 506,800 deliveries.
The EV maker said 459,445 vehicles rolled off its production lines in the final three months of the year.
Q4 deliveries of Model 3/Y EVs numbered 471,930, which was below the estimated 484,575, while other models were slightly higher than expected at 23,640.
For the whole of 2024, Tesla made 1.77 million EVs and delivered 1.79 million.
Tesla also deployed 11.0 GWh of energy storage products in Q4 – another record – and deployments for the whole of 2024 were 31.4 GWh.
The company is scheduled to deliver Q4 earnings on January 29.