After a monstrous stock rally following November’s presidential election, Tesla (TSLA) reported its first annual decline in electric vehicle delivery, highlighting the growing disconnect between its high-flying stock price and its core automobile business.
The Elon Musk-led company yesterday (Jan. 2) released its fourth-quarter and full-year vehicle production and delivery numbers. In 2024, Tesla delivered 1,789,226 electric vehicles globally and produced 1,773,443. Last year’s EV delivery represented a 1.1 percent drop from 2023’s 1.81 million.
Fourth-quarter delivery slightly beat the previous year’s number by 2 percent…
