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.

  • @glimse
    7•4 days ago

    I thought it was maybe a hard vehicle to photograph… Surely it can’t be that bad, right? Then I saw one in person and realized the photos made it look good by comparison. …

      • @glimse
        6•4 days ago

        You can see the misaligned panels from half a block away

          • @glimse
            2•4 days ago

            Dumpsters are really good at what they do. This thing could get away with being ugly if it was ugly by necessity