Tesla’s disappointing delivery figures resulted un heavy volume movement, causing share prices to drop around 10%. The total vehicle deliveries made in 2024 also falls short of 2023, marking Tesla’s first annual drop in delivery volume.
Previously, share prices have soared by over 100% following the Trump election as investors speculated that the win would bring more favourable trading conditions.
The stock dip is likely to spur a wave of profit taking activity from investors, mirroring the trend that occured early 2023. Despite the short term negative price action, Tesla shares have a positive, bullish future outlook. Existing and potential investors should be wary of a volatile start to the year and be ready to buy the dip at a price level of $300.
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