00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's annual deliveries for 2024 decreased compared to the previous year,
00:06marking its first-ever annual decline. Tesla shares fell over 3 percent pre-market
00:11following the report, which missed analysts' expectations of over 500,000 deliveries.
00:16Tesla faced challenges in 2024, including intensified competition, declining European
00:21sales and political distractions from Elon Musk. The Cybertruck faced sluggish demand,
00:25while the Model Y struggled to match China's EV market growth.
00:28Tesla plans to address these challenges with affordable and autonomous vehicle offerings
00:33in 2025, targeting up to 30 percent growth. Tesla's stock surged in a late-year rally,
00:38ending 2024 at a record high, surpassing its previous peak from 2021.
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