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.

  • @proper
    17•4 days ago

    what sort of scumbag could own tesla stock, or even buy a tesla in the last year or more, and still sleep at night?

      • @Takumidesh
        11•4 days ago

        If you have a 401k, IRA, company pension, or any other type of traditional retirement accounts, you likely have some Tesla at least indirectly, and while you might not have direct voting rights, you would at a minimum have ownership of funds that have ownership of Tesla.

        • @ch00f
          2•4 days ago

          I got to vote against Elon’s insane bonus package. It passed, but felt good to vote.

        • Flying Squid
          -1•4 days ago

          Who do you think is in charge of buying shares for those? Sociopaths.