Tesla Shares Tumble as Vehicle Delivery Numbers Disappoint

8 minutes ago

Tesla (TSLA) shares sank Thursday morning after the electric vehicle maker reported fewer deliveries than analysts had expected for the fourth quarter.

The EV giant delivered 495,570 vehicles in the quarter, up from 484,507 in the same period last year, but below the 512,250 consensus estimate compiled by Visible Alpha. Tesla produced 459,445 vehicles in the quarter, well below the 503,500 analysts had expected, and the nearly 500,000 the company produced last year.

Tesla also fell short of delivery and production estimates for the full fiscal year, with deliveries declining year-over-year to roughly 1.79 million vehicles—just below the 1.8 million analysts had expected. The company produced 1.77 million vehicles, below the 1.82 million that analysts projected.

Shares of the EV maker rallied after Donald Trump’s election win in November because of CEO Elon Musk’s proximity to the president-elect and the belief that a second Trump administration will benefit Tesla. However, the stock has retreated in recent weeks from the record levels it reached last month.

Tesla shares were down 6% Thursday morning, losing ground for the fifth straight session.

Tesla also said Thursday it will report its full financial results for the quarter and fiscal 2024 after the bell January 29.

–Aaron McDade

S&P 500 Starts 2025 on Best Two-Year Run Since Late '90s

2 hr 7 min ago

Despite a sluggish performance in the final trading sessions of the year, the S&P 500 finished 2024 with a 23% gain. That came on the heals of a 24% rise in 2023 and marked the first time since the late-1990s that the benchmark stock index registered two consecutive years with gains of more than 20%.

The tech-heavy Nasdaq Composite closed the year up 29%, while the Dow Jones Industrial Average added 13%.

Nvidia Levels to Watch After Two Years of Massive Gains

2 hr 16 min ago

Shares in AI chipmaker Nvidia (NVDA) will be in the spotlight ahead of a presentation by CEO Jensen Huang scheduled for next Monday at the Consumer Electronics Show in Las Vegas.

Investors will be watching for updates from Huang on sales projections for the company’s Blackwell chips and details about Rubin, Blackwell’s successor, which Nvidia plans to release in 2026. Several leading Wall Street firms have named Nvidia as their 2025 “top pick,” pointing out that strong demand for its Blackwell platform positions the company for another year of explosive growth.

Nvidia shares closed out 2024 with a gain of 170% amid surging demand for its silicon as big tech customers—including Microsoft (MSFT), Meta (META) and Alphabet’s (GOOGL) Google—beefed up their AI datacenter and cloud computing infrastructure. Last year’s big gain came on the heels of a 240% increase in 2023.

Since hitting a record high in late November, Nvidia shares have traded within a descending channel, with the price tagging the pattern’s upper and lower trendlines on several occasions since that time.

Investors should watch key support levels on Nvidia's chart around $130 and $115, while also monitoring important resistance levels near $140 and $150.

Nvidia shares were up 1.6% at $136.50 in recent premarket trading.

Read the full technical analysis piece here.

–Timothy Smith

Major Indexes Poised to Start New Year in Positive Territory

2 hr 46 min ago

Futures tied to the Dow Jones Industrial Average were up 0.7%.

S&P 500 futures were up 0.8%.

Nasdaq 100 futures rose 1%.

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