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Tesla has registered its first fall in vehicle deliveries in more than a decade, as its fourth-quarter figures missed analysts’ estimates, pushing the shares down 5 per cent.
The company said on Thursday that it delivered 495,570 vehicles in the quarter. Analysts had expected a figure of more than 500,000.
For the whole year, Tesla delivered 1.79mn vehicles, just below the 1.81mn delivered in 2023 and the first annual drop since 2011, according to Bloomberg data.
In October, Tesla reported a higher-than-expected quarterly profit and forecast “slight growth” in deliveries for 2024, while chief executive Elon Musk predicted that the group’s vehicle sales could increase 20 per cent to 30 per cent in 2025.
This is a developing story