Tesla Stock Reacts to Q4 Delivery Figures Amidst Growing Competition

Tesla stock (NASDAQ:TSLA) is showing a positive reaction in pre-market trading following the release of its fourth-quarter production and delivery numbers.

Tesla’s stock price is currently 1.96% higher ahead of the open as markets digest the latest figures. The company reported producing over 459,000 vehicles and delivering approximately 418,227 vehicles during the fourth quarter, down more than 15% Y/Y.

This marks the second year of declines. Looking back at the full year 2024, Tesla delivered 1.79 million vehicles. This represented a 1.1% decrease compared to the 1.81 million vehicles delivered in 2023, marking the first annual decline in deliveries for Tesla in over a decade. This contraction is attributed to intensified competition, particularly from Chinese automaker BYD, which surpassed Tesla in battery electric vehicle (BEV) sales during the fourth quarter, delivering 595,413 vehicles.

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Markets largely appear to be looking through the numbers to a degree, with much of the recent stock price acceleration coming off the back of robotics, and robotaxis.