The shares dropped more than 6% to start a new year of trading after the company reported weaker-than-expected fourth-quarter deliveries.

Tesla slumped after it disclosed it delivered fewer vehicles in the last three months of 2024 than analysts expected. The electric-vehicle company’s stock fell 6.2%. Some Big Tech stocks, which have been leading Wall Street for most of the last few years,

U.S. stock indexes are drifting in erratic trading on Thursday to start 2025. The S&P 500 was up 0.1% in midday trading after flipping between an earlier loss of 0.1% and gain of 0.9%. It's coming off a four-day losing streak,