The delivery figures are the first real piece of fundamental news for Tesla investors since the November election sparked a big rally for the stock.

Tesla’s fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.

Shares in Tesla fell more than 3% premarket, after Elon Musk's automaker reported its first annual decline in vehicle deliveries in more than a decade. Get the full story:

Tesla’s global sales rose 2.3% in the fourth quarter after a sluggish start to the year that contributed to the company’s first year-over-year sales decline since at least 2015.

Tesla's annual deliveries fell for the first time in 2024 despite the electric automaker handing over a record number of units in the fourth quarter, indicating tepid demand for its aging line-up of models.

A surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results.

Tesla Inc.’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.

Tesla’s production and delivery numbers for 2024 are out, and the numbers are pretty sobering. The premiere EV company in the US produced 1.77 million cars this year, a drop of about 4 percent compared to the previous year,