Tesla’s stock closed down 1.2% at $454.24 on Tuesday amid cautious delivery commentary and supply chain concerns. With a 28,500% growth since its 2010 IPO, trading volume reached 58 million shares, close to its three-month average.

The S&P 500 slipped 0.13% while the Nasdaq fell 0.24%, impacting industry peers Ford and GM. Tesla’s Q4 delivery guidance of 422,850 vehicles fell short, prompting analyst downgrades and reports of a scaled-back battery deal.

Investors are urged to consider Tesla’s challenges in meeting delivery targets and concerns over the Cybertruck sales. With a market cap of $1.5 trillion and a high valuation, Tesla’s pivot to autonomous vehicles and AI will be crucial for future growth.

Read more at Nasdaq: Stock Market Today, Dec. 30: Tesla Falls After Offering Weak Delivery Outlook