After growing at least 35% every year from 2016 to 2023, Tesla’s year-over-year vehicle delivery growth slumped to -1% in 2024.

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

"One trend which we observed in the industry [is] that, because of the affordability being impacted because of interest rates, people are holding on to the cars longer," explained Tesla Chief Fnancial Officer Vaibhav Taneja during the company's third-quarter earnings call last October, "especially in the U.S."

Tesla stock took a dive in morning trading on Thursday after the company announced lower figures than expected for deliveries and fourth-quarter production.

Tesla's Q4 delivery miss and potential threats from Trump's EV policy could impact TSLA's premium valuation in 2025. See why I'm going to keep my sell rating.