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NewsEnglish • 4 days ago

Tesla shares slide after it reports first drop in annual deliveries

www.cnbc.com

117

cross-posted to:
economy

490

Tesla shares slide after it reports first drop in annual deliveries

www.cnbc.com

@MicroWave to

NewsEnglish • 4 days ago

117

cross-posted to:
economy

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.

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Granbo's Holy Hotrod
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3•4 days ago
It took some work, but I got them out of my 401k. So many funds have TSLA stock.

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