Tesla's fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.

Summary

Tesla reported its first annual decline in deliveries, with 1.79 million vehicles delivered in 2024 compared to 1.81 million in 2023.

Fourth-quarter deliveries (495,570) fell short of analyst estimates, causing Tesla shares to drop 7%.

Challenges included rising competition in Europe and China, declining sales despite price cuts, and growing inventory of Cybertrucks.

Analysts cited CEO Elon Musk’s political involvement as a potential distraction.

While Tesla plans to release lower-cost autonomous vehicles in 2025, its lack of affordable EVs and intensified competition have strained its market dominance.

  • skozzii
    141·
    3 days ago

    I’m amazed there is still 1.79 people who don’t follow the news or how much of a toddler Musk is.

    Nobody wants to invest in anything he touches anymore,and he has shown he will just disable software in vehicles if he feels like it. Wonder how long until he starts targeting his opponents with his vehicles, he’s already doing it with his other platforms.

    • Redfugee@lemmy.world
      2·
      3 days ago

      I don’t get it but it is wrong to say nobody wants to invest in his stuff, look at the stock, it has already bounced back.