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

The stock's rise snapped a five-day losing streak.

After a monstrous stock rally following November’s presidential election, Tesla (TSLA) reported its first annual decline in electric vehicle delivery, highlighting the growing disconnect between its high-flying stock price and its core automobile business.

Wall Street see-sawed to a lower close on Thursday amid choppy trading, as investors embarked on the new year facing the cross-currents of solid labor market data, a rising dollar and tumbling Tesla shares.

U.S. stock indexes slipped Thursday as Wall Street’s weak end to last year carried into 2025. The Standard & Poor's 500 index fell 0.2% to extend the four-day losing streak that dimmed the close of its stellar 2024.

U.S. stock indexes are falling Thursday to start 2025. The S&P 500 was down 0.7% in afternoon trading after rising as much as 0.9% earlier. It's coming off a four-day losing streak, its longest since early September,