Tesla’s deliveries missed analysts’ and its own expectations

The stock is down, so it looks like numbers do matter.

1/2/25 9:30AM

Tesla’s fourth-quarter deliveries missed both its own and analysts’ expectations, with the electric-vehicle company selling 495,570 last quarter. Consensus estimates were 498,000, per FactSet, and 512,277, according to Bloomberg. The “whisper number” — the figure investors actually expected — was about 500,000, according to Dan Ives of Wedbush Securities.

While the numbers marked a quarterly record, they represented Tesla’s first annual sales decline in over a decade. Tesla reported 1.79 million deliveries in 2024 versus 1.81 in 2023. In its last quarterly-earnings deck, Tesla wrote, “Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024.”

Some speculated that for Tesla, which has been riding high on the coattails of Donald Trump’s election, numbers might not matter at all. Barclays argued that the company’s delivery numbers were “immaterial to the majority of the current Tesla bull case,” and that a small miss “would likely do little to dampen” Tesla’s rally. So far that doesn’t appear to be the case: Tesla’s stock is down more than 5% in early trading.

The news comes right after Chinese Tesla competitor BYD reported record December sales. It sold 1.76 million vehicles last year — nearly as many as Tesla.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.