The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) surged 12.25% to close at $2.79 on January 2, 2025, as Tesla's stock plummeted 6.30% to $378.41 following disappointing delivery numbers. Tesla reported its first annual decline in deliveries, with Q4 figures missing consensus estimates by about 3%, delivering 495,570 vehicles against an expected 503,269. This marked a 1.1% y/y drop in 2024 deliveries, the first such decline in over a decade, as competition intensified and demand waned. The market reacted negatively to Tesla's inability to meet its ambitious growth targets, compounded by increased competition from global automakers like BYD and Hyundai. Analysts noted that Tesla's aging model lineup and reduced European subsidies have pressured sales, while the company's strategic pivot towards self-driving technology and robotaxis remains years away from fruition.