Tesla's 2024 Deliveries Decline Amidst Mixed Tech Earnings Reports

In 2024, Tesla experienced its first annual decline in vehicle deliveries, delivering 1.81 million cars, a decrease from the previous year's 1.79 million. This downturn has raised concerns about the company's growth trajectory.

In its Q4 earnings report, Tesla reported a net income of $2.32 billion and revenues of $25.71 billion, both falling short of analysts' expectations. Despite these figures, the stock rebounded by over 4% following the announcement of plans to launch unsupervised full self-driving technology in Austin by June.

Similarly, Microsoft reported Q4 earnings per share of $3.23, surpassing expectations of $3.11, with revenue of $69.63 billion, a 12.3% year-over-year increase. However, this marked the slowest growth since mid-2023, indicating potential challenges in sustaining growth momentum.

Meta's Q4 revenue reached $48.39 billion, a 21% increase year-over-year, exceeding analysts' estimates. Despite this, the company projected lower earnings for the next quarter, suggesting caution in its financial outlook.

These developments underscore the dynamic nature of the tech industry, where companies must navigate market fluctuations and evolving consumer demands to maintain growth and profitability.