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Tesla’s share price dropped 6.1% on the second trading day of the year due to a delivery miss, with the company falling short of analysts’ expectations for Q4 2024. This marks the first time Tesla has missed quarterly delivery expectations in over a decade, causing a $175 billion decrease in market cap and a year-over-year drop in total deliveries for the first time since 2011. Despite the decline, Tesla remains one of the most expensive stocks, with a high P/E ratio and a valuation based on future success in autonomous driving technology.
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