Tesla stock dropped 6% after missing Q4 delivery targets, facing competition and declining demand.

From Nasdaq: 2025-01-03 11:00:00

Tesla Inc. (TSLA) stock dropped 6% after missing fourth-quarter delivery targets. Global deliveries fell for the first time in over a decade, wiping out $175 billion in market value. ETFs like NITE, TESL, ARKQ, VCR, and ARKK are closely watched due to their exposure to Tesla.

Tesla delivered 495,570 cars in Q4, up 2.3% YOY but below analyst forecasts. Competition in the EV market is intensifying, with domestic and international automakers challenging Tesla. Reduced subsidies in Europe and a shift towards hybrid vehicles in the US are impacting demand.

Tesla’s production reached 459,445 vehicles in Q4, with total deliveries in 2024 slightly down from the previous year. The company faces challenges from new competition and changing consumer preferences. This marks the first year-over-year decline for Tesla.

ETFs like NITE, TESL, ARKQ, ARKK, and VCR offer exposure to Tesla and other related companies. These funds provide investors with a way to capitalize on the growth potential in the electric vehicle and technology sectors. Tesla’s performance will continue to impact these ETFs in the coming months.

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For more information and in-depth analysis on Tesla, Vanguard Consumer Discretionary ETF, ARK Autonomous Technology & Robotics ETF, and ARK Innovation ETF, visit Zacks.com. Stay informed on the latest stock recommendations and ETF research to make informed investment decisions.



Read more at Nasdaq: Tesla Slips on Q4 Delivery Miss: ETFs in Focus