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.

    • Flying Squid
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      214 days ago

      They may not love their gas guzzlers after a year of super high gas prices.

      • @[email protected]
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        fedilink
        204 days ago

        No, they absolutely still do. They just bitch about it more and blame the president.

        When gas hit over $4 a gallon here in Texas, it barely moved the needle on sales of smaller vehicles. Those that did change vehicles went right back to that Ford F950 the second it came back down. Like, no one learned their lesson.

    • @Euphorazine
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      33 days ago

      MAGA also like cutting spending and Space X relies on billions of tax funding. So buy yourself a president and run fake department that aims at cutting spending so you can be at the table to not cut space X. Maybe let space X “absorb” NASA

    • @[email protected]
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      fedilink
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      54 days ago

      And then he called American tech workers removed. Insulting your customer base is an interesting choice.

    • @Doomsider
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      13 days ago

      You see that is not his goal. It is to capture everyone. He already had and still has a lot of liberals. How do you grow your base then? Obviously appeal to the other side.

      It is not an either or thing for him, he wants to fool everyone. You see this behavior in a lot of attention seeking pick me bitches.