Tesla Inc. (NASDAQ: TSLA) reported strong vehicle deliveries and energy storage deployments in Q4 2024, but the numbers came in below analysts' expectations, leading to a 6.1% drop in its stock price.

Key Highlights:

• Vehicle Deliveries: Tesla delivered 495,570 vehicles, falling short of the consensus estimate of 512,277. This marks the first time in over a decade that Tesla's annual electric vehicle (EV) sales declined.
• Energy Storage: The company also deployed 11.0 GWh of energy storage products in Q4, adding to its total of 31.4 GWh for the year.
• Model Breakdown: Deliveries of the Model 3 and Model Y contributed significantly, reaching 471,930 units, while other models accounted for an additional 23,640 deliveries.

Despite the record deliveries and a solid year for energy storage, Tesla faces challenges as the growth rate of its EV sales slows down. Analysts had predicted deliveries closer to the 500,000 mark, highlighting concerns over demand.

What's Next for Tesla?

Tesla plans to release its Q4 2024 financial results on January 29, 2025, and investors will be closely watching for more insights into the company's profitability and outlook.

For a deeper analysis of Tesla's financial outlook, explore the Financial Growth API and Annual Reports (Form 10-K) to gain insights into the company's long-term strategy.