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

Tesla (NASDAQ: TSLA) stock is seeing strong bullish momentum in Friday's trading. The electric vehicle (EV) company's share price was up 6.9% as of 3:15 p.m. ET amid the backdrop of a 1.2% gain for the S&P 500 index and a 1.

Key Takeaways U.S. equities were higher at midday, bouncing back from yesterday's selloff on optimism about growing demand for nuclear power and Tesla's recovery from its dip.The need for more and more electricity for artificial intelligence data centers drove up shares of Vistra,

The wait’s over, but not quite in the way Tesla TSLA investors were hoping. The electric vehicle (EV) giant released its 2024 vehicle delivery report yesterday, and the numbers have been disappointing.

Tesla has a bright future as it continues to scale its EV business while developing its newer ventures in robotaxis, robotics, and more. As such, existing investors, especially those who bought the stock at much lower price points, may consider holding the stock into 2025.